1742 E Walnut StDes MoinesIA50316
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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 Des Moines at 1742 E Walnut St, Des Moines, IA, 50316 offers a 12% rental yield on a $162,000 purchase with $1,620/mo rent. Total monthly income registers $1,620/mo, and a $793/mo payment leaves $568/mo available for distribution. Annual cash flow reaches $6,814/yr on $53,703 to close, and return on cash invested stands at 32.6% in year one. Equity gained on principal adds $1,045/yr while 5% annual appreciation supports $44,758 over five years. Portfolio math shows five-year ROI at 171.29% and total cumulative return in cash at $91,985. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,620/mo property income against a $793/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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Listed by: JC Wilson • Platinum Realty LLC
Mls Name: DMMLS
Mls ID: #722774