213 24th StWest Des MoinesIA50265
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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 West Des Moines at 213 24th St, West Des Moines, IA, 50265 uses $99,417 cash to close to unlock $3,986/yr annual cash flow and $332/mo monthly cash flow. Total monthly income runs $2,280/mo, and a $1,468/mo payment keeps the spread at $332/mo. Purchase price stands at $299,900, and rental yield measures 9.12% with $2,280/mo rent. Return on cash invested shows 23.92% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 124.78% and total cumulative return in cash records $124,048. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,280/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1985
6,838 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50265, West Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,157 (100%) |
| Owner Occupied HU | 9,392 (62.0%) |
| Renter Occupied HU | 4,929 (32.5%) |
| Vacant Housing Units | 836 ( 5.5%) |
| Median Home Value | $310,899 |
| Average Home Value | $379,482 |
Housing Distribution
Address Breakdown
Residential
15,049
Single Family
11,438
Multi-Family
3,611
Businesses
1,103
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Listed by: Beth Cochran • Agency Iowa
Mls Name: DMMLS
Mls ID: #732351