1424 Milton AveDes MoinesIA50316
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Des Moines at 1424 Milton Ave, Des Moines, IA, 50316 offers a 11.82% rental yield on a $129,999 purchase with $1,280/mo rent. Total monthly income registers $1,280/mo, and a $636/mo payment leaves $436/mo available for distribution. Annual cash flow reaches $5,232/yr on $43,095 to close, and return on cash invested stands at 32.05% in year one. Equity gained on principal adds $839/yr while 5% annual appreciation supports $35,916 over five years. Portfolio math shows five-year ROI at 168.33% and total cumulative return in cash at $72,542. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,280/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1912
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50316, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,465 (100%) |
| Owner Occupied HU | 3,346 (51.8%) |
| Renter Occupied HU | 2,621 (40.5%) |
| Vacant Housing Units | 498 ( 7.7%) |
| Median Home Value | $150,369 |
| Average Home Value | $226,314 |
Housing Distribution
Address Breakdown
Residential
5,910
Single Family
4,964
Multi-Family
946
Businesses
468
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Listed by: Christopher Foster • Weichert, Realtors - 515 Agency
Mls Name: DMMLS
Mls ID: #731606