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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% |
Rental property for sale in West Des Moines at 2247 Grand Ave UNIT 2, West Des Moines, IA, 50265 generates $1,168/mo in rent, after a $974/mo payment. Total monthly income is $1,168/mo. Return on cash invested sits at 12.44% in year one, and rental yield is 7.04% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 65.11% and total cumulative return in cash sums $42,954. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,168/mo property income rather than buyer’s personal income.
Condo
Built in 1994
N/A lot
$N/A/sqft
$286 monthly HOA
Neighborhood data shown for ZIP Code: 50265, West Des Moines, IA area.
| 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 |
Residential
15,049
Single Family
11,438
Multi-Family
3,611
Businesses
1,103
Date | Event | Price |
|---|---|---|
| 2025-09-05 | Price change | $199,000 |
| 2025-09-04 | Pending sale | $205,000 |
| 2025-08-14 | Listed for sale | $205,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-08 | $2810.00 | 5.01% | $187,800 | N/A |
| 2023-09-08 | $2676.00 | 1.21% | $187,800 | 27.32% |
| 2022-09-08 | $2644.00 | 3.12% | $147,500 | N/A |
Listed by: Tony Sly • Keller Williams Realty GDM
Mls Name: DMMLS
Mls Provider:
Mls ID: #723993
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.
