1503 Forest AveDes MoinesIA50314
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 1503 Forest Ave, Des Moines, IA, 50314 uses $51,383 cash to close to unlock $7,272/yr annual cash flow and $606/mo monthly cash flow. Total monthly income runs $1,613/mo, and a $759/mo payment keeps the spread at $606/mo. Purchase price stands at $155,000, and rental yield measures 12.49% with $1,613/mo rent. Return on cash invested shows 34.06% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 179.11% and total cumulative return in cash records $92,032. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,613/mo property income covering a $759/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
6,708 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50314, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,989 (100%) |
| Owner Occupied HU | 1,688 (33.8%) |
| Renter Occupied HU | 2,661 (53.3%) |
| Vacant Housing Units | 640 (12.8%) |
| Median Home Value | $168,263 |
| Average Home Value | $200,574 |
Housing Distribution
Address Breakdown
Residential
4,535
Single Family
3,252
Multi-Family
1,283
Businesses
370
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ingrid Williams • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #713188
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.