204 E Philip St,Des Moines,IA,50315

Investment Highlights

Investment property for sale in Des Moines at 204 E Philip St, Des Moines, IA, 50315 offers a 8.67% rental yield on a $245,000 purchase with $1,770/mo rent. Total monthly income registers $1,770/mo, and a $1,199/mo payment leaves $179/mo available for distribution. Annual cash flow reaches $2,148/yr on $81,218 to close, and return on cash invested stands at 22.55% in year one. Equity gained on principal adds $1,581/yr while 5% annual appreciation supports $67,689 over five years. Portfolio math shows five-year ROI at 117.4% and total cumulative return in cash at $95,352. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,770/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.