215 Foster DrDes 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
Investment property for sale in Des Moines at 215 Foster Dr, Des Moines, IA, 50312 offers a 6.5% rental yield on a $631,000 purchase with $3,420/mo rent. 65% in year one. Equity gained on principal adds $4,072/yr while 5% annual appreciation supports $174,334 over five years. Portfolio math shows five-year ROI at 80.55% and total cumulative return in cash at $167,220. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,420/mo property income against a $3,088/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1924
0.57 Acres lot
$N/A/sqft
No 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: N/A • N/A
Mls Name: Iowa Realty
Mls Provider:
Mls ID: #720225