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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 228 3rd St, West Des Moines, IA, 50265 earns $931/mo cash flow from $1,885/mo rent with a $685/mo payment. Total monthly income totals $1,885/mo, and annual cash flow totals $11,172/yr on $46,410 capital. ROI tracks 43.98% on current figures, and rental yield reads 16.16% at a $140,000 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,679 over five years. Five-year ROI reaches 232.73% and total cumulative return in cash sums $108,010. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,885/mo property income instead of your personal income.
Single Family
Built in 1920
7,230 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-07-22 | Listing removed | $169,900 |
| 2025-06-14 | Listed for sale | $169,900 |
| 2025-05-11 | Pending sale | $169,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $2668.00 | 6.13% | $147,300 | -12.48% |
| 2023-10-26 | $2514.00 | 1.21% | $168,300 | 29.26% |
| 2022-10-26 | $2484.00 | -45.84% | $130,200 | N/A |
Listed by: Leonard McCoy • Coldwell Banker Mid-America
Mls Name: DMMLS
Mls Provider:
Mls ID: #685036
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.
