1617 61st StDes MoinesIA50322
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1617 61st St, Des Moines, IA, 50322 offers a 8.17% rental yield on a $313,000 purchase with $2,130/mo rent. Total monthly income registers $2,130/mo, and a $1,532/mo payment leaves $97/mo available for distribution. Annual cash flow reaches $1,166/yr on $103,760 to close, and return on cash invested stands at 21.03% in year one. Equity gained on principal adds $2,020/yr while 5% annual appreciation supports $86,476 over five years. Portfolio math shows five-year ROI at 109.32% and total cumulative return in cash at $113,425. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,130/mo property income against a $1,532/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
7,187 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50322, Urbandale, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,132 (100%) |
| Owner Occupied HU | 9,754 (69.0%) |
| Renter Occupied HU | 3,744 (26.5%) |
| Vacant Housing Units | 634 ( 4.5%) |
| Median Home Value | $284,903 |
| Average Home Value | $302,461 |
Housing Distribution
Address Breakdown
Residential
13,630
Single Family
10,811
Multi-Family
2,819
Businesses
1,407
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Julia Mena • RE/MAX Concepts
Mls Name: DMMLS
Mls ID: #729503