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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 2402 Des Moines St, Des Moines, IA, 50317 listed at $164,900 pairs $1,312/mo rent with a $807/mo payment to leave $241/mo cash flow. Total monthly income runs $1,312/mo, and annual cash flow reaches $2,894/yr on $54,664 cash to close. Return on cash invested measures 25.2% in year one, and rental yield registers 9.55% at a $164,900 basis. Equity gained on principal adds $1,064/yr, and annual property appreciation at 5% supports $45,559 by year five. Five-year ROI tracks 131.72% and total cumulative return in cash totals $72,004. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,312/mo property income relative to a $807/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1907
4,486 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50317, Des Moines, IA area.
| 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 |
Residential
15,138
Single Family
14,021
Multi-Family
1,117
Businesses
755
Date | Event | Price |
|---|---|---|
| 2025-11-04 | Listed for sale | $164,900 |
| 2024-02-06 | Sold | $147,000 |
| 2024-01-18 | Pending sale | $145,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-08 | $1840.00 | 5.75% | $93,500 | N/A |
| 2023-11-08 | $1740.00 | 0.81% | $93,500 | 26.69% |
| 2022-11-08 | $1726.00 | 7.34% | $73,800 | N/A |
Listed by: Misty Darling • BH&G Real Estate Innovations
Mls Name: DMMLS
Mls Provider:
Mls ID: #729712
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.
