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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Des Moines at 2218 53rd St, Des Moines, IA, 50310 offers a 11.37% rental yield on a $189,900 purchase with $1,800/mo rent. Total monthly income registers $1,800/mo, and a $929/mo payment leaves $567/mo available for distribution. Annual cash flow reaches $6,806/yr on $62,952 to close, and return on cash invested stands at 30.72% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 161.29% and total cumulative return in cash at $101,537. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,800/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
7,230 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50310, Des Moines, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,226 (100%) |
| Owner Occupied HU | 9,081 (63.8%) |
| Renter Occupied HU | 4,361 (30.7%) |
| Vacant Housing Units | 784 ( 5.5%) |
| Median Home Value | $237,952 |
| Average Home Value | $269,365 |
Residential
13,690
Single Family
11,750
Multi-Family
1,940
Businesses
755
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Beth Cochran • Agency Iowa
Mls Name: DMMLS
Mls ID: #731575
