1432 McCormick StDes 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
Rental property for sale in Des Moines at 1432 McCormick St, Des Moines, IA, 50316 generates $1,870/mo in rent and, after a $1,126/mo payment, leaves $322/mo in cash flow. Total monthly income is $1,870/mo, and annual cash flow is $3,861/yr on $76,245 invested. Return on cash invested sits at 24.97% in year one, and rental yield is 9.76% on a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 130.7% and total cumulative return in cash sums $99,655. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,870/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
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: Hughes, Donald • Keller Williams Realty GDM
Mls Name: DMMLS
Mls Provider:
Mls ID: #724225
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.