1507 32nd 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 1507 32nd St, Des Moines, IA, 50311 earns $536/mo cash flow from $2,456/mo rent with a $1,447/mo payment. Total monthly income totals $2,456/mo, and annual cash flow totals $6,431/yr on $98,025 capital. ROI tracks 26.47% on current figures, and rental yield reads 9.97% at a $295,700 purchase. Equity gained on principal adds $1,908/yr, and 5% annual appreciation supports $81,696 over five years. Five-year ROI reaches 138.41% and total cumulative return in cash sums $135,678. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,456/mo property income instead of your personal income.
Single Family
Built in 1912
6,621 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: N/A • N/A
Mls Name: Iowa Realty
Mls Provider:
Mls ID: #703339