2216 Lay StDes MoinesIA50317
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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 2216 Lay St, Des Moines, IA, 50317 priced at $171,900 converts $1,301/mo rent into $185/mo cash flow after a $841/mo obligation. Total monthly income equals $1,301/mo, and annual cash flow totals $2,220/yr on $56,985 invested. Return on cash invested prints 23.8% in year one, and rental yield reads 9.08% against a $171,900 entry. Equity gained on principal adds $1,109/yr, while 5% annual appreciation compiles into $47,493 by year five. Five-year ROI reaches 124.13% and total cumulative return in cash sums $70,734. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,301/mo property income covering a $841/mo payment, not borrower’s personal income.
Single Family
Built in 1955
5,488 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50317, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,159 (100%) |
| Owner Occupied HU | 10,616 (65.7%) |
| Renter Occupied HU | 4,615 (28.6%) |
| Vacant Housing Units | 928 ( 5.7%) |
| Median Home Value | $194,343 |
| Average Home Value | $254,761 |
Housing Distribution
Address Breakdown
Residential
15,138
Single Family
14,021
Multi-Family
1,117
Businesses
755
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Listed by: Ratliff, Natasha • Epique Realty
Mls Name: DMMLS
Mls Provider:
Mls ID: #726567
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