2413 SE 8th St, Des Moines, IA, 50315 | $259/mo Cash Flow

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2413 SE 8th St, Des Moines, IA, 50315 | $259/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Des Moines at 2413 SE 8th St, Des Moines, IA, 50315 uses $56,355 cash to close to unlock $3,108/yr annual cash flow and $259/mo monthly cash flow. Total monthly income runs $1,363/mo, and a $832/mo payment keeps the spread at $259/mo. Purchase price stands at $170,000, and rental yield measures 9.62% with $1,363/mo rent. Return on cash invested shows 25.42% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 132.8% and total cumulative return in cash records $74,841. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,363/mo property income covering a $832/mo payment rather than investor’s personal income.

Single Family

Built in 1886

6,708 sqft lot

$N/A/sqft

No HOA

More details about the property

This charming bungalow ranch on the south side of Des Moines offers versatile living space just minutes from downtown. The main floor features a welcoming layout with one bedroom, a bathroom, and a kitchen, while the converted attic adds additional living space perfect for a home office, playroom, or cozy retreat. The partially finished basement expands your options with two bedrooms and an additional bathroom, providing room for family, guests, or hobbies. Dont miss your chance to make this conveniently located home yours!