2330 E 40th StDes MoinesIA50317
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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 2330 E 40th St, Des Moines, IA, 50317 offers a 9.92% rental yield on a $159,500 purchase with $1,318/mo rent. Total monthly income registers $1,318/mo, and a $781/mo payment leaves $282/mo available for distribution. Annual cash flow reaches $3,382/yr on $52,874 to close, and return on cash invested stands at 26.3% in year one. Equity gained on principal adds $1,029/yr while 5% annual appreciation supports $44,067 over five years. Portfolio math shows five-year ROI at 137.53% and total cumulative return in cash at $72,721. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,318/mo property income against a $781/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1922
6,316 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50317, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,159 (100%) |
| Owner Occupied HU | 10,616 (65.7%) |
| Renter Occupied HU | 4,615 (28.6%) |
| Vacant Housing Units | 928 ( 5.7%) |
| Median Home Value | $194,343 |
| Average Home Value | $254,761 |
Housing Distribution
Address Breakdown
Residential
15,138
Single Family
14,021
Multi-Family
1,117
Businesses
755
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Listed by: Tony Schubert • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #722669
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.