168 SE Sweetgrass LnPleasant HillIA50327
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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 Pleasant Hill at 168 SE Sweetgrass Ln, Pleasant Hill, IA, 50327 offers a 9.07% rental yield on a $254,900 purchase with $1,926/mo rent. Total monthly income registers $1,926/mo, and a $1,248/mo payment leaves $270/mo available for distribution. Annual cash flow reaches $3,242/yr on $84,499 to close, and return on cash invested stands at 23.75% in year one. Equity gained on principal adds $1,645/yr while 5% annual appreciation supports $70,424 over five years. Portfolio math shows five-year ROI at 123.85% and total cumulative return in cash at $104,652. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,926/mo property income against a $1,248/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
3,005 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50327, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,194 (100%) |
| Owner Occupied HU | 3,706 (71.4%) |
| Renter Occupied HU | 1,304 (25.1%) |
| Vacant Housing Units | 184 ( 3.5%) |
| Median Home Value | $336,358 |
| Average Home Value | $371,296 |
Housing Distribution
Address Breakdown
Residential
5,486
Single Family
4,826
Multi-Family
660
Businesses
222
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Listed by: Michelle Hanson • RE/MAX Concepts
Mls Name: DMMLS
Mls ID: #719906