1518 Park AveDes MoinesIA50315
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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 Park Ave, Des Moines, IA, 50315 generates $2,867/mo in rent, after a $3,215/mo payment. Total monthly income is $2,867/mo. Return on cash invested sits at 7.25% in year one, and rental yield is 5.24% on a $656,900 entry. Equity gained on principal adds $4,239/yr, while 5% annual appreciation builds toward $181,489 over five years. Five-year ROI reaches 37.18% and total cumulative return in cash sums $80,348. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,867/mo property income rather than buyer’s personal income.
Condo
Built in 2015
7,361 sqft lot
$N/A/sqft
$590 monthly HOA
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Listed by: B.J. KNAPP • Iowa Realty Mills Crossing
Mls Name: DMMLS
Mls Provider:
Mls ID: #724780
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