2101 Meadow Ct APT 1304Des MoinesIA50320
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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 2101 Meadow Ct APT 1304, Des Moines, IA, 50320 offers a 11.21% rental yield on a $187,500 purchase with $1,752/mo rent. Total monthly income registers $1,752/mo, and a $918/mo payment leaves $370/mo available for distribution. Annual cash flow reaches $4,441/yr on $62,156 to close, and return on cash invested stands at 27.05% in year one. Equity gained on principal adds $1,210/yr while 5% annual appreciation supports $51,803 over five years. Portfolio math shows five-year ROI at 142.76% and total cumulative return in cash at $88,735. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,752/mo property income against a $918/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2004
4,356 sqft lot
$N/A/sqft
$160 monthly HOA
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Listed by: Mitch Coluzzi • Real Broker, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #718650
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.