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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% |
Rental property for sale in Des Moines at 2407 E 23rd St, Des Moines, IA, 50317 generates $1,107/mo in rent and, after a $710/mo payment, leaves $120/mo in cash flow. Total monthly income is $1,107/mo, and annual cash flow is $1,442/yr on $48,068 invested. Return on cash invested sits at 22.91% in year one, and rental yield is 9.16% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 119.82% and total cumulative return in cash sums $57,596. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,107/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
9,801 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 |
|---|---|---|
| 2025-03-25 | Listed for sale | $145,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-26 | $2742.00 | 0.88% | $153,600 | 19.44% |
| 2022-03-26 | $2718.00 | 5.10% | $128,600 | N/A |
| 2021-03-26 | $2586.00 | -3.44% | $128,600 | 11.34% |
Listed by: Erika Scovel • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #714137
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.
