2408 E 37th CtDes 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 2408 E 37th Ct, Des Moines, IA, 50317 generates $1,538/mo in rent and, after a $1,052/mo payment, leaves $142/mo in cash flow. Total monthly income is $1,538/mo, and annual cash flow is $1,706/yr on $71,239 invested. Return on cash invested sits at 22.3% in year one, and rental yield is 8.59% on a $214,900 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,373 over five years. Five-year ROI reaches 116.15% and total cumulative return in cash sums $82,746. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,538/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
6,098 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: Heather Knittel • RE/MAX REAL ESTATE CENTER
Mls Name: CIBR
Mls Provider:
Mls ID: #66253
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not accurate.