1503 Pleasant St APT 6Des 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 Pleasant St APT 6, Des Moines, IA, 50314 earns $16/mo cash flow from $1,276/mo rent with a $950/mo payment. Total monthly income totals $1,276/mo, and annual cash flow totals $187/yr on $64,311 capital. ROI tracks 20.2% on current figures, and rental yield reads 7.89% at a $194,000 purchase. Equity gained on principal adds $1,252/yr, and 5% annual appreciation supports $53,599 over five years. Five-year ROI reaches 104.84% and total cumulative return in cash sums $67,424. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,276/mo property income instead of your personal income.
Condo
Built in 1900
N/A 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: CAROLYN LYNNER • Iowa Realty Beaverdale
Mls Name: DMMLS
Mls ID: #724582