1618 E 31st StDes MoinesIA50317
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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 1618 E 31st St, Des Moines, IA, 50317 listed at $209,900 pairs $1,866/mo rent with a $1,027/mo payment to leave $503/mo cash flow. Total monthly income runs $1,866/mo, and annual cash flow reaches $6,038/yr on $69,582 cash to close. Return on cash invested measures 28.59% in year one, and rental yield registers 10.67% at a $209,900 basis. Equity gained on principal adds $1,354/yr, and annual property appreciation at 5% supports $57,992 by year five. Five-year ROI tracks 149.83% and total cumulative return in cash totals $104,252. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,866/mo property income relative to a $1,027/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1954
9,234 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50317, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,159 (100%) |
| Owner Occupied HU | 10,616 (65.7%) |
| Renter Occupied HU | 4,615 (28.6%) |
| Vacant Housing Units | 928 ( 5.7%) |
| Median Home Value | $194,343 |
| Average Home Value | $254,761 |
Housing Distribution
Address Breakdown
Residential
15,138
Single Family
14,021
Multi-Family
1,117
Businesses
755
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Listed by: TenHaken, Michael • RE/MAX Precision
Mls Name: DMMLS
Mls ID: #726110