1635 E Virginia AveDes MoinesIA50320
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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 1635 E Virginia Ave, Des Moines, IA, 50320 offers a 11.37% rental yield on a $280,000 purchase with $2,652/mo rent. Total monthly income registers $2,652/mo, and a $1,370/mo payment leaves $834/mo available for distribution. Annual cash flow reaches $10,008/yr on $92,820 to close, and return on cash invested stands at 30.69% in year one. Equity gained on principal adds $1,807/yr while 5% annual appreciation supports $77,359 over five years. Portfolio math shows five-year ROI at 161.04% and total cumulative return in cash at $149,481. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,652/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
0.36 Acres lot
$N/A/sqft
No HOA
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Listed by: Audra Sypolt • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #730212
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