2126 High StDes MoinesIA50312
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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 2126 High St, Des Moines, IA, 50312 priced at $246,000 pairs $2,125/mo rent with $211/mo cash flow after a $1,204/mo payment. Total monthly income equals $2,125/mo, and annual cash flow comes to $2,536/yr on $81,549 invested. Return on cash invested is 23.02% in year one, and rental yield stands at 10.37% on a $246,000 basis. Equity gained on principal adds $1,587/yr, and 5% annual appreciation accumulates to $67,965 by year five. Five-year ROI measures 121.62% and total cumulative return in cash reaches $99,182. For financing, Ziffy Mortgage’s DSCR program evaluates $2,125/mo property income against a $1,204/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2008
1,219 sqft lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50312, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,317 (100%) |
| Owner Occupied HU | 4,524 (54.4%) |
| Renter Occupied HU | 3,187 (38.3%) |
| Vacant Housing Units | 606 ( 7.3%) |
| Median Home Value | $380,171 |
| Average Home Value | $451,211 |
Housing Distribution
Address Breakdown
Residential
7,800
Single Family
4,803
Multi-Family
2,997
Businesses
458
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Listed by: Andrew Goodall • Goodall Properties LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #707153
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.