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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Des Moines at 1708 61st St, Des Moines, IA, 50322 generates $1,554/mo in rent and, after a $1,077/mo payment, leaves $125/mo in cash flow. Total monthly income is $1,554/mo, and annual cash flow is $1,500/yr on $72,930 invested. Return on cash invested sits at 21.97% in year one, and rental yield is 8.48% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 114.26% and total cumulative return in cash sums $83,327. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,554/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
7,187 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50322, Urbandale, IA area.
| 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 |
Residential
13,630
Single Family
10,811
Multi-Family
2,819
Businesses
1,407
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Nick McCargar • RE/MAX Concepts
Mls Name: DMMLS
Mls ID: #723053
