2309 37th StDes MoinesIA50310
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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 2309 37th St, Des Moines, IA, 50310 uses $60,963 cash to close to unlock $297/yr annual cash flow and $25/mo monthly cash flow. Total monthly income runs $1,219/mo, and a $900/mo payment keeps the spread at $25/mo. Purchase price stands at $183,900, and rental yield measures 7.95% with $1,219/mo rent. Return on cash invested shows 20.4% in year one, and 5% annual appreciation builds toward $50,808 over five years. Five-year ROI reaches 105.89% and total cumulative return in cash records $64,553. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,219/mo property income covering a $900/mo payment rather than investor’s personal income.
Multi Family
Built in 1942
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50310, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,226 (100%) |
| Owner Occupied HU | 9,081 (63.8%) |
| Renter Occupied HU | 4,361 (30.7%) |
| Vacant Housing Units | 784 ( 5.5%) |
| Median Home Value | $237,952 |
| Average Home Value | $269,365 |
Housing Distribution
Address Breakdown
Residential
13,690
Single Family
11,750
Multi-Family
1,940
Businesses
755
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Listed by: Jody Henkenius • BHHS First Realty Westown
Mls Name: DMMLS
Mls ID: #729510