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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 Des Moines at 232 E Diehl Ave, Des Moines, IA, 50315 offers a 8.85% rental yield on a $254,900 purchase with $1,880/mo rent. Total monthly income registers $1,880/mo, and a $1,248/mo payment leaves $224/mo available for distribution. Annual cash flow reaches $2,690/yr on $84,499 to close, and return on cash invested stands at 23.09% in year one. Equity gained on principal adds $1,645/yr while 5% annual appreciation supports $70,424 over five years. Portfolio math shows five-year ROI at 120.36% and total cumulative return in cash at $101,700. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,880/mo property income against a $1,248/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
7,143 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-05-30 | Listed for sale | $254,900 |
| 2017-01-19 | Sold | $118,000 |
| 2015-09-24 | Sold | $54,639 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-03 | $3214.00 | 5.38% | $163,400 | N/A |
| 2023-06-03 | $3050.00 | 0.79% | $163,400 | 26.28% |
| 2022-06-03 | $3026.00 | 6.18% | $129,400 | N/A |
Listed by: Diaz, Jean • EXIT Realty & Associates
Mls Name: DMMLS
Mls Provider:
Mls ID: #719204
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