1513 Walker StDes MoinesIA50316
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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 1513 Walker St, Des Moines, IA, 50316 earns $168/mo cash flow from $1,090/mo rent with a $695/mo payment. Total monthly income totals $1,090/mo, and annual cash flow totals $2,014/yr on $47,073 capital. ROI tracks 24.19% on current figures, and rental yield reads 9.21% at a $142,000 purchase. Equity gained on principal adds $916/yr, and 5% annual appreciation supports $39,232 over five years. Five-year ROI reaches 126.22% and total cumulative return in cash sums $59,414. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,090/mo property income instead of your personal income.
Single Family
Built in 1880
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50316, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,465 (100%) |
| Owner Occupied HU | 3,346 (51.8%) |
| Renter Occupied HU | 2,621 (40.5%) |
| Vacant Housing Units | 498 ( 7.7%) |
| Median Home Value | $150,369 |
| Average Home Value | $226,314 |
Housing Distribution
Address Breakdown
Residential
5,910
Single Family
4,964
Multi-Family
946
Businesses
468
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Listed by: Rene Soldwisch • Zealty Home Advisors
Mls Name: DMMLS
Mls Provider:
Mls ID: #714056
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.