214 Watson Powell Jr Way UNIT 503Des MoinesIA50309
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 214 Watson Powell Jr Way UNIT 503, Des Moines, IA, 50309 in Des Moines achieves a 1.73 ratio at $357,000: $2,783/mo rent versus $1,605/mo debt service. Rental yield 6.26%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 6.26% yield compounds alongside 5% annual appreciation projecting $98,633 in value. Total projected cumulative return: $138,397.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.3% | 6.5% |
| Monthly Cash Flow | $(912) | $450 |
City averages based on Des Moines market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,783 |
| Total Monthly Debt Service | $2,633 |
| DSCR Ratio | 1.06x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2011
1,045 sqft lot
$N/A/sqft
$350 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2011
1,045 sqft lot
$N/A/sqft
$350 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Seivert, Aimee • Local Realty Company
Mls Name: DMMLS
Mls Provider:
Mls ID: #717042
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