255 S 41st St UNIT 182West Des MoinesIA50265
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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 West Des Moines at 255 S 41st St UNIT 182, West Des Moines, IA, 50265 earns from $2,338/mo rent with a $2,413/mo payment. Total monthly income totals $2,338/mo. ROI tracks 10.4% on current figures, and rental yield reads 5.69% at a $493,000 purchase. Equity gained on principal adds $3,181/yr, and 5% annual appreciation supports $136,207 over five years. Five-year ROI reaches 53.43% and total cumulative return in cash sums $87,318. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,338/mo property income instead of your personal income.
Condo
Built in 2013
4,138 sqft lot
$N/A/sqft
$431 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50265, West Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,157 (100%) |
| Owner Occupied HU | 9,392 (62.0%) |
| Renter Occupied HU | 4,929 (32.5%) |
| Vacant Housing Units | 836 ( 5.5%) |
| Median Home Value | $310,899 |
| Average Home Value | $379,482 |
Housing Distribution
Address Breakdown
Residential
15,049
Single Family
11,438
Multi-Family
3,611
Businesses
1,103
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Listed by: Leeann Bluske • Exchange Brokers
Mls Name: DMMLS
Mls Provider:
Mls ID: #718196
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.