1716 Mondamin AveDes MoinesIA50314
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1716 Mondamin Ave, Des Moines, IA, 50314 uses $35,802 cash to close to unlock $1,778/yr annual cash flow and $148/mo monthly cash flow. Total monthly income runs $850/mo, and a $529/mo payment keeps the spread at $148/mo. Purchase price stands at $108,000, and rental yield measures 9.44% with $850/mo rent. Return on cash invested shows 24.88% in year one, and 5% annual appreciation builds toward $29,838 over five years. Five-year ROI reaches 130% and total cumulative return in cash records $46,544. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $850/mo property income covering a $529/mo payment rather than investor’s personal income.
Single Family
Built in 1915
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50314, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,989 (100%) |
| Owner Occupied HU | 1,688 (33.8%) |
| Renter Occupied HU | 2,661 (53.3%) |
| Vacant Housing Units | 640 (12.8%) |
| Median Home Value | $168,263 |
| Average Home Value | $200,574 |
Housing Distribution
Address Breakdown
Residential
4,535
Single Family
3,252
Multi-Family
1,283
Businesses
370
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Abby Hausmann-Virgil • Keller Williams Ankeny Metro
Mls Name: DMMLS
Mls ID: #727983