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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Des Moines at 2102 40th Pl, Des Moines, IA, 50310 generates $1,940/mo in rent and, after a $1,224/mo payment, leaves $269/mo in cash flow. Total monthly income is $1,940/mo, and annual cash flow is $3,227/yr on $82,875 invested. Return on cash invested sits at 23.8% in year one, and rental yield is 9.31% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 124.36% and total cumulative return in cash sums $103,066. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,940/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50310, Des Moines, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,226 (100%) |
| Owner Occupied HU | 9,081 (63.8%) |
| Renter Occupied HU | 4,361 (30.7%) |
| Vacant Housing Units | 784 ( 5.5%) |
| Median Home Value | $237,952 |
| Average Home Value | $269,365 |
Residential
13,690
Single Family
11,750
Multi-Family
1,940
Businesses
755
Date | Event | Price |
|---|---|---|
| 2025-04-01 | Listed for sale | $250,000 |
| 2012-04-27 | Sold | $129,900 |
| 2012-03-14 | Listed for sale | $129,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-03 | $4366.00 | 0.83% | $232,100 | 19.58% |
| 2022-04-03 | $4330.00 | 3.54% | $194,100 | N/A |
| 2021-04-03 | $4182.00 | -3.64% | $194,100 | 10.16% |
Listed by: Heather Wright • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #714627
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.
