216 9th St, West Des Moines, IA, 50265 | $224/mo Cash Flow

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216 9th St, West Des Moines, IA, 50265 | $224/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in West Des Moines at 216 9th St, West Des Moines, IA, 50265 earns $224/mo cash flow from $1,328/mo rent with a $832/mo payment. Total monthly income totals $1,328/mo, and annual cash flow totals $2,690/yr on $56,322 capital. ROI tracks 24.68% on current figures, and rental yield reads 9.38% at a $169,900 purchase. Equity gained on principal adds $1,096/yr, and 5% annual appreciation supports $46,940 over five years. Five-year ROI reaches 128.93% and total cumulative return in cash sums $72,614. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,328/mo property income instead of your personal income.

Condo

Built in 1998

1,611 sqft lot

$N/A/sqft

No HOA

More details about the property

Low maintenance senior 55+ living in this wonderful West Des Moines townhome, just a couple blocks from Valley Junction. Move right into this unit with all of the work having already been done for you. New LVP flooring on the main level; new carpet in the bedrooms; all new paint throughout; new refrigerator and dishwasher; and all of the mechanicals having been recently inspected. The master on main layout includes the spacious master bedroom with ensuite master bath and a walk-in closet. The kitchen is wide open with plenty of cabinets and counters. The 2 upstairs bedrooms have a shared full bath and convenient laundry. As an end unit, the home provides enhanced privacy and additional green space perfect for pets or grandkids plus Wilson Park is located directly across the road. This unit also comes with a detached 1 car garage and an extra dedicated parking space plus street parking for guests. The property is situated within a senior community designed for those seeking a peaceful environment. And the thoughtful design and quality updates make this an excellent opportunity for comfortable living in a well-established / quiet neighborhood. Sold As Is.

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