2606 High StDes MoinesIA50312
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2606 High St, Des Moines, IA, 50312 offers a 8.59% rental yield on a $299,000 purchase with $2,140/mo rent. Total monthly income registers $2,140/mo, and a $1,463/mo payment leaves $199/mo available for distribution. Annual cash flow reaches $2,383/yr on $99,119 to close, and return on cash invested stands at 22.31% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 116.15% and total cumulative return in cash at $115,126. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,140/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1923
5,911 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50312, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,317 (100%) |
| Owner Occupied HU | 4,524 (54.4%) |
| Renter Occupied HU | 3,187 (38.3%) |
| Vacant Housing Units | 606 ( 7.3%) |
| Median Home Value | $380,171 |
| Average Home Value | $451,211 |
Housing Distribution
Address Breakdown
Residential
7,800
Single Family
4,803
Multi-Family
2,997
Businesses
458
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tammy Sparks • Realty ONE Group Impact
Mls Name: DMMLS
Mls ID: #723321