2343 E Grand AveDes 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 2343 E Grand Ave, Des Moines, IA, 50317 uses $69,582 cash to close to unlock $1,442/yr annual cash flow and $120/mo monthly cash flow. Total monthly income runs $1,483/mo, and a $1,027/mo payment keeps the spread at $120/mo. Purchase price stands at $209,900, and rental yield measures 8.48% with $1,483/mo rent. Return on cash invested shows 21.98% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 114.42% and total cumulative return in cash records $79,616. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,483/mo property income covering a $1,027/mo payment rather than investor’s personal income.
Single Family
Built in 1890
5,662 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: Ryan Rohlf • Keller Williams Legacy Group
Mls Name: CIBR
Mls ID: #68562