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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Des Moines at 1516 57th Pl, Des Moines, IA, 50311 listed at $247,000 pairs $2,067/mo rent with a $1,209/mo payment to leave $463/mo cash flow. Total monthly income runs $2,067/mo, and annual cash flow reaches $5,554/yr on $81,881 cash to close. Return on cash invested measures 26.69% in year one, and rental yield registers 10.04% at a $247,000 basis. Equity gained on principal adds $1,594/yr, and annual property appreciation at 5% supports $68,242 by year five. Five-year ROI tracks 139.61% and total cumulative return in cash totals $114,316. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,067/mo property income relative to a $1,209/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1927
6,621 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50311, Des Moines, IA area.
| 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 |
Residential
5,825
Single Family
4,742
Multi-Family
1,083
Businesses
274
Date | Event | Price |
|---|---|---|
| 2025-06-11 | Listed for sale | $247,000 |
| 2025-05-29 | Pending sale | $247,000 |
| 2025-05-27 | Listed for sale | $247,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-13 | $3648.00 | 7.48% | $185,400 | N/A |
| 2023-06-13 | $3394.00 | 0.83% | $185,400 | 21.26% |
| 2022-06-13 | $3366.00 | 5.19% | $152,900 | N/A |
Listed by: Shawna Sample • Keller Williams Realty GDM
Mls Name: DMMLS
Mls Provider:
Mls ID: #718856
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.
