1502 29th StDes MoinesIA50311
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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 1502 29th St, Des Moines, IA, 50311 uses $66,300 cash to close to unlock $1,128/yr annual cash flow and $94/mo monthly cash flow. Total monthly income runs $1,393/mo, and a $979/mo payment keeps the spread at $94/mo. Purchase price stands at $200,000, and rental yield measures 8.36% with $1,393/mo rent. Return on cash invested shows 21.61% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 112.34% and total cumulative return in cash records $74,480. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,393/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1900
6,751 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50311, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,741 (100%) |
| Owner Occupied HU | 3,326 (49.3%) |
| Renter Occupied HU | 2,882 (42.8%) |
| Vacant Housing Units | 533 ( 7.9%) |
| Median Home Value | $257,277 |
| Average Home Value | $278,646 |
Housing Distribution
Address Breakdown
Residential
5,825
Single Family
4,742
Multi-Family
1,083
Businesses
274
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Listed by: Cameron Campos • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #715885
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.