1555 16th StDes MoinesIA50314
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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 1555 16th St, Des Moines, IA, 50314 uses $38,786 cash to close to unlock $2,002/yr annual cash flow and $167/mo monthly cash flow. Total monthly income runs $927/mo, and a $573/mo payment keeps the spread at $167/mo. Purchase price stands at $117,000, and rental yield measures 9.51% with $927/mo rent. Return on cash invested shows 25.07% in year one, and 5% annual appreciation builds toward $32,325 over five years. Five-year ROI reaches 130.94% and total cumulative return in cash records $50,785. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $927/mo property income covering a $573/mo payment rather than investor’s personal income.
Single Family
Built in 1908
7,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50314, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,989 (100%) |
| Owner Occupied HU | 1,688 (33.8%) |
| Renter Occupied HU | 2,661 (53.3%) |
| Vacant Housing Units | 640 (12.8%) |
| Median Home Value | $168,263 |
| Average Home Value | $200,574 |
Housing Distribution
Address Breakdown
Residential
4,535
Single Family
3,252
Multi-Family
1,283
Businesses
370
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Listed by: Fitzgerald, Eric • Keller Williams Realty GDM
Mls Name: DMMLS
Mls ID: #716362