1518 31st 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
Rental property for sale in Des Moines at 1518 31st St, Des Moines, IA, 50311 generates $2,123/mo in rent and, after a $1,101/mo payment, leaves $651/mo in cash flow. Total monthly income is $2,123/mo, and annual cash flow is $7,818/yr on $74,554 invested. Return on cash invested sits at 30.39% in year one, and rental yield is 11.33% on a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 159.56% and total cumulative return in cash sums $118,957. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,123/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
7,405 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: Jason Rude • RE/MAX Precision Corp.
Mls Name: CIBR
Mls Provider:
Mls ID: #67537
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not accurate.