1438 E 29th StDes MoinesIA50317
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1438 E 29th St, Des Moines, IA, 50317 earns $588/mo cash flow from $1,484/mo rent with a $675/mo payment. Total monthly income totals $1,484/mo, and annual cash flow totals $7,058/yr on $45,747 capital. ROI tracks 35.34% on current figures, and rental yield reads 12.9% at a $138,000 purchase. Equity gained on principal adds $890/yr, and 5% annual appreciation supports $38,127 over five years. Five-year ROI reaches 186.07% and total cumulative return in cash sums $85,122. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,484/mo property income instead of your personal income.
Single Family
Built in 1906
8,886 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50317, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,159 (100%) |
| Owner Occupied HU | 10,616 (65.7%) |
| Renter Occupied HU | 4,615 (28.6%) |
| Vacant Housing Units | 928 ( 5.7%) |
| Median Home Value | $194,343 |
| Average Home Value | $254,761 |
Housing Distribution
Address Breakdown
Residential
15,138
Single Family
14,021
Multi-Family
1,117
Businesses
755
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Polder • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #703707
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.