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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 West Des Moines at 2253 Grand Ave UNIT 1, West Des Moines, IA, 50265 offers a 6.52% rental yield on a $215,000 purchase with $1,168/mo rent. 25% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 58.56% and total cumulative return in cash at $41,737. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,168/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1995
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 |
|---|---|---|
| 2025-03-25 | Listed for sale | $215,000 |
| 2013-09-20 | Sold | $114,000 |
| 2013-06-27 | Price change | $115,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-28 | $2676.00 | 1.21% | $187,800 | 27.32% |
| 2022-03-28 | $2644.00 | 2.01% | $147,500 | N/A |
| 2021-03-28 | $2592.00 | 1.73% | $147,500 | 7.04% |
Listed by: James Von Gillern • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #714116
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.
