1530 Mattern AveDes 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 1530 Mattern Ave, Des Moines, IA, 50316 at $230,000 posts ROI 22.8% with $184/mo cash flow from $1,678/mo rent. Total monthly income equals $1,678/mo, and annual cash flow records $2,208/yr on $76,245 to close. Return on cash invested measures 22.8% and rental yield reads 8.75% at the current $230,000. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,545 by year five. Five-year ROI prints 118.77% and total cumulative return in cash totals $90,559.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,678/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1923
8,450 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: Pennie Carroll • Pennie Carroll & Associates
Mls Name: DMMLS
Mls Provider:
Mls ID: #712798
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.