1616 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
Investment property for sale in Des Moines at 1616 Park Ave, Des Moines, IA, 50315 listed at $650,000 pairs $2,849/mo rent with a $3,181/mo payment. Total monthly income runs $2,849/mo. Return on cash invested measures 8.85% in year one, and rental yield registers 5.26% at a $650,000 basis. Equity gained on principal adds $4,194/yr, and annual property appreciation at 5% supports $179,583 by year five. Five-year ROI tracks 45.17% and total cumulative return in cash totals $96,590. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,849/mo property income relative to a $3,181/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2015
10,497 sqft lot
$N/A/sqft
$535 monthly HOA
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Listed by: Sandra Gustafson • BHHS First Realty Westown
Mls Name: DMMLS
Mls Provider:
Mls ID: #725926
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