1600 Evergreen Ave,Des Moines,IA,50320

Investment Highlights

Rental property for sale in Des Moines at 1600 Evergreen Ave, Des Moines, IA, 50320 offers $2,154/mo rent that, after a $1,131/mo payment, leaves $653/mo cash flow. Total monthly income is $2,154/mo, and annual cash flow is $7,841/yr on $76,577 cash. Return on cash invested measures 30.15% in year one, and rental yield stands at 11.19% at a $231,000 entry. Equity gained on principal adds $1,491/yr while 5% annual appreciation compounds into $63,821 by year five. Five-year ROI records 158.17% and total cumulative return in cash reaches $121,125. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,154/mo property income versus a $1,131/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.