208 E 16th 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 208 E 16th St, Des Moines, IA, 50316 listed at $117,500 pairs $943/mo rent with a $575/mo payment to leave $114/mo cash flow. Total monthly income runs $943/mo, and annual cash flow reaches $1,365/yr on $38,951 cash to close. Return on cash invested measures 23.41% in year one, and rental yield registers 9.63% at a $117,500 basis. Equity gained on principal adds $758/yr, and annual property appreciation at 5% supports $32,463 by year five. Five-year ROI tracks 122.81% and total cumulative return in cash totals $47,834. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $943/mo property income relative to a $575/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1916
5,967 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: Corona, Sergio • EXP Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #720390
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.