2400 Williams 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
Rental property for sale in Des Moines at 2400 Williams St, Des Moines, IA, 50317 priced at $162,000 pairs $1,536/mo rent with $484/mo cash flow after a $793/mo payment. Total monthly income equals $1,536/mo, and annual cash flow comes to $5,806/yr on $53,703 invested. Return on cash invested is 30.72% in year one, and rental yield stands at 11.38% on a $162,000 basis. Equity gained on principal adds $1,045/yr, and 5% annual appreciation accumulates to $44,758 by year five. Five-year ROI measures 161.23% and total cumulative return in cash reaches $86,585. For financing, Ziffy Mortgage’s DSCR program evaluates $1,536/mo property income against a $793/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
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: Kathy Lukenbill • Realty ONE Group Impact
Mls Name: DMMLS
Mls Provider:
Mls ID: #717835
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.