2240 Hart Ave APT 4Des MoinesIA50320
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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 2240 Hart Ave APT 4, Des Moines, IA, 50320 generates $1,701/mo in rent and, after a $861/mo payment, leaves $277/mo in cash flow. Total monthly income is $1,701/mo, and annual cash flow is $3,318/yr on $58,344 invested. Return on cash invested sits at 25.6% in year one, and rental yield is 11.6% on a $176,000 entry. Equity gained on principal adds $1,136/yr, while 5% annual appreciation builds toward $48,626 over five years. Five-year ROI reaches 135.89% and total cumulative return in cash sums $79,281. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,701/mo property income rather than buyer’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
$220 monthly HOA
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Listed by: Ethan Hokel • Century 21 Signature
Mls Name: DMMLS
Mls Provider:
Mls ID: #720583
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.