1704 Merle Hay Rd, Des Moines, IA, 50310 | $479/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1704 Merle Hay Rd, Des Moines, IA, 50310 | $479/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Des Moines at 1704 Merle Hay Rd, Des Moines, IA, 50310 generates $2,005/mo in rent and, after a $1,150/mo payment, leaves $479/mo in cash flow. Total monthly income is $2,005/mo, and annual cash flow is $5,748/yr on $77,903 invested. Return on cash invested sits at 27.29% in year one, and rental yield is 10.24% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 142.8% and total cumulative return in cash sums $111,244. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,005/mo property income rather than buyer’s personal income.

Single Family

Built in 1947

7,187 sqft lot

$N/A/sqft

No HOA

More details about the property

Have you been looking for a home, but interest rates have you puzzled about how you'll afford to be a homeowner? Well, you should come check out this charming home! The seller is offering an unbeatable deal with an interest rate buydown which could lower your payment significantly (potentially $275 per month) and make owning a home affordable! This cutie is also in an NFC lending area which offers up to $23,500 in down payment assistance, closing costs, and upgrade/reno money to qualifying buyers. There is information on payment scenarios with the rate buydown and NFC in the kitchen. Call listing agent, Amy, with questions about the interest rate buydown and/or NFC 515.318.1633. The home is adorable with a large eat in kitchen with quartz counter tops, lovely hardwood floors, new carpet, a big deck with a fully fenced huge backyard, HVAC 2021, water heater 2025 and its close to all the things: downtown, East Village, parks, schools, shopping, Ingersoll District, interstate, eateries, bike trails, etc. Truly move in ready! Rate buydown will be provided with an acceptable offer. Home ownership could really be made possible with this sweet house!

Neighborhood Data

Neighborhood data shown for ZIP Code: 50310, Des Moines, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,226 (100%)
Owner Occupied HU	9,081 (63.8%)
Renter Occupied HU	4,361 (30.7%)
Vacant Housing Units	784 ( 5.5%)
Median Home Value	$237,952
Average Home Value	$269,365