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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 245 E Dunham Ave, Des Moines, IA, 50315 offers $1,692/mo rent that, after a $832/mo payment, leaves $588/mo cash flow. Total monthly income is $1,692/mo, and annual cash flow is $7,056/yr on $56,355 cash. Return on cash invested measures 32.43% in year one, and rental yield stands at 11.94% at a $170,000 entry. Equity gained on principal adds $1,097/yr while 5% annual appreciation compounds into $46,968 by year five. Five-year ROI records 170.39% and total cumulative return in cash reaches $96,021. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,692/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
5,009 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-04-25 | Sold | $170,000 |
| 2025-04-07 | Pending sale | $190,000 |
| 2024-10-16 | Price change | $190,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-20 | $1788.00 | -2.30% | $101,400 | N/A |
| 2023-10-20 | $1830.00 | 0.88% | $101,400 | 17.23% |
| 2022-10-20 | $1814.00 | 8.49% | $86,500 | N/A |
Listed by: Marlene Thatcher • Keller Williams Realty GDM
Mls Name: DMMLS
Mls Provider:
Mls ID: #698301
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