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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 5, West Des Moines, IA, 50265 offers a 11.94% rental yield on a $169,450 purchase with $1,686/mo rent. Total monthly income registers $1,686/mo, and a $829/mo payment leaves $326/mo available for distribution. Annual cash flow reaches $3,911/yr on $56,173 to close, and return on cash invested stands at 26.87% in year one. Equity gained on principal adds $1,093/yr while 5% annual appreciation supports $46,816 over five years. Portfolio math shows five-year ROI at 142.58% and total cumulative return in cash at $80,092. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,686/mo property income against a $829/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1995
43.56 sqft lot
$N/A/sqft
$260 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 |
|---|---|---|
| 2025-01-24 | Price change | $169,450 |
| 2025-01-08 | Price change | $174,900 |
| 2024-11-15 | Listed for sale | $179,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-27 | $2500.00 | 1.13% | $163,700 | 26.41% |
| 2022-01-27 | $2472.00 | 1.81% | $129,500 | N/A |
| 2021-01-27 | $2428.00 | 1.51% | $129,500 | 6.94% |
Listed by: Michael Clark • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #707954
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.
