2229 Bennett AveDes MoinesIA50310
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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 2229 Bennett Ave, Des Moines, IA, 50310 offers a 9.65% rental yield on a $167,600 purchase with $1,348/mo rent. Total monthly income registers $1,348/mo, and a $820/mo payment leaves $260/mo available for distribution. Annual cash flow reaches $3,118/yr on $55,559 to close, and return on cash invested stands at 25.52% in year one. Equity gained on principal adds $1,082/yr while 5% annual appreciation supports $46,305 over five years. Portfolio math shows five-year ROI at 133.35% and total cumulative return in cash at $74,088. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,348/mo property income against a $820/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
5,960 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50310, Des Moines, IA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
13,690
Single Family
11,750
Multi-Family
1,940
Businesses
755
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