1742 E Walnut StDes MoinesIA50316
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Des Moines rentals match the income profile of 1742 E Walnut St, Des Moines, IA, 50316. Listed at $162,000, gross rent is $1,620/mo and net cash flow is $568/mo, a 12% yield well above national averages. DSCR 2.23 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $44,758 by year five with $1,492/yr in annual principal reduction, projecting $98,221 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12% | 6.5% |
| Monthly Cash Flow | $568 | $450 |
City averages based on Des Moines market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,620 |
| Total Monthly Debt Service | $988 |
| DSCR Ratio | 1.64x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1902
5,749 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50316, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,465 (100%) |
| Owner Occupied HU | 3,346 (51.8%) |
| Renter Occupied HU | 2,621 (40.5%) |
| Vacant Housing Units | 498 ( 7.7%) |
| Median Home Value | $150,369 |
| Average Home Value | $226,314 |
Housing Distribution
Address Breakdown
Residential
5,910
Single Family
4,964
Multi-Family
946
Businesses
468
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
Single Family
Built in 1902
5,749 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50316, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,465 (100%) |
| Owner Occupied HU | 3,346 (51.8%) |
| Renter Occupied HU | 2,621 (40.5%) |
| Vacant Housing Units | 498 ( 7.7%) |
| Median Home Value | $150,369 |
| Average Home Value | $226,314 |
Housing Distribution
Address Breakdown
Residential
5,910
Single Family
4,964
Multi-Family
946
Businesses
468
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JC Wilson • Platinum Realty LLC
Mls Name: DMMLS
Mls ID: #722774