2303 Carpenter AveDes MoinesIA50311
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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
Investment property for sale in Des Moines at 2303 Carpenter Ave, Des Moines, IA, 50311 earns from $1,328/mo rent with a $1,150/mo payment. Total monthly income totals $1,328/mo. ROI tracks 16.86% on current figures, and rental yield reads 6.78% at a $235,000 purchase. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,926 over five years. Five-year ROI reaches 86.87% and total cumulative return in cash sums $67,672. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,328/mo property income instead of your personal income.
Multi Family
Built in 1907
6,577 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50311, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,741 (100%) |
| Owner Occupied HU | 3,326 (49.3%) |
| Renter Occupied HU | 2,882 (42.8%) |
| Vacant Housing Units | 533 ( 7.9%) |
| Median Home Value | $257,277 |
| Average Home Value | $278,646 |
Housing Distribution
Address Breakdown
Residential
5,825
Single Family
4,742
Multi-Family
1,083
Businesses
274
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Listed by: Mike Reagan • RE/MAX Concepts
Mls Name: DMMLS
Mls ID: #729166