2012 61st StDes MoinesIA50322
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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
Rental property for sale in Des Moines at 2012 61st St, Des Moines, IA, 50322 generates $1,838/mo in rent and, after a $945/mo payment, leaves $584/mo in cash flow. Total monthly income is $1,838/mo, and annual cash flow is $7,010/yr on $63,980 invested. Return on cash invested sits at 30.87% in year one, and rental yield is 11.43% on a $193,000 entry. Equity gained on principal adds $1,245/yr, while 5% annual appreciation builds toward $53,322 over five years. Five-year ROI reaches 162.06% and total cumulative return in cash sums $103,686. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,838/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50322, Urbandale, IA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
13,630
Single Family
10,811
Multi-Family
2,819
Businesses
1,407
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Listed by: Morgan Moen • The American Real Estate Co.
Mls Name: DMMLS
Mls Provider:
Mls ID: #717658
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.