2424 E 40th 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
Investment property for sale in Des Moines at 2424 E 40th St, Des Moines, IA, 50317 uses $62,985 cash to close to unlock $5,280/yr annual cash flow and $440/mo monthly cash flow. Total monthly income runs $1,674/mo, and a $930/mo payment keeps the spread at $440/mo. Purchase price stands at $190,000, and rental yield measures 10.57% with $1,674/mo rent. Return on cash invested shows 28.29% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 148.19% and total cumulative return in cash records $93,336. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,674/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 1916
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: Dillon Bradshaw • RE/MAX Revolution
Mls Name: DMMLS
Mls ID: #732070