232/234 8th St #2, West Des Moines, IA, 50265 | $656/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

232/234 8th St #2, West Des Moines, IA, 50265 | $656/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1760 sft

27932 337th Ct, Adel, IA, 50003

3 Bed
3 Bath
2522 sft

33875 L Ave, Adel, IA, 50003

3 Bed
3 Bath
2778 sft

1607 Thornwood Rd, West Des Moines, IA, 50265

3 Bed
4 Bath
1889 sft

3444 Valley View Dr, West Des Moines, IA, 50265

Nearby investment properties with comparable prices

4 Bed
2 Bath
1451 sft

520 W Benton St, Winterset, IA, 50273

2 Bed
2 Bath
1278 sft

140 S 52nd St, West Des Moines, IA, 50265

3 Bed
2 Bath
978 sft

4014 High St, West Des Moines, IA, 50265

2 Bed
3 Bath
1544 sft

4400 Ep True Pkwy UNIT 25, West Des Moines, IA, 50265

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in West Des Moines at 232/234 8th St #2, West Des Moines, IA, 50265 offers a 10.94% rental yield on a $250,000 purchase with $2,280/mo rent. Total monthly income registers $2,280/mo, and a $1,224/mo payment leaves $656/mo available for distribution. Annual cash flow reaches $7,872/yr on $82,875 to close, and return on cash invested stands at 29.41% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 154.16% and total cumulative return in cash at $127,762. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,280/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 1908

7,230 sqft lot

$N/A/sqft

No HOA

More details about the property

This well-maintained duplex offers two spacious units, each featuring 2 bedroom and 1 bathroom on the first floor unit, and second floor unit features 1 bedroom and 1 bathroom, plus the convenience of a shared basement with a shared washer and dryer. New white kitchen with all appliances including over the range microwave and dishwasher. New ceramic tiled bathroom with tub and shower. Each unit has its own private entrance. Landlord will have the units rented before closing or buyer will have the right to approve tenants. Quite neighbors. Enjoy Valley junctions Thursday night Farmers Market, Art and Antique events, Raccoon River Park, Blue Heron Lake/Beach, Holiday Park Aquatic Center, and enjoys Valley Junctions Charming Renovated Railroad District, with a collection of more than 120 retail businesses including fashion boutiques, Art Galleries, Antique Shops, and Restaurants. Just 2 blocks away from Valley Junctions Legion Park, Tennis Court, Baseball and Softball fields, Wading Pool and Park Shelters. Great access to I-235, downtown Des Moines, Jordan Creek Mall and Des International Airport. Dont miss your chance to own this versatile property!

Neighborhood Data

Neighborhood data shown for ZIP Code: 50265, West Des Moines, IA area.

Housing Distribution

Housing Statistics

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