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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% |
Investment property for sale in Des Moines at 2611 Cornell St, Des Moines, IA, 50313 with 5% annual appreciation on a $209,900 basis while $1,576/mo rent supports operations. Total monthly income totals $1,576/mo and a $1,027/mo payment preserves $213/mo for cash returns. Annual cash flow comes to $2,558/yr on $69,582 deployed, and return on cash invested reaches 23.59% in year one. Equity gained on principal adds $1,354/yr, and five-year appreciation sums $57,992 alongside rental yield of 9.01%. Five-year ROI measures 122.99% and total cumulative return in cash totals $85,580.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,576/mo property income versus a $1,027/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1923
7,056 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50313, Des Moines, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,209 (100%) |
| Owner Occupied HU | 5,002 (69.4%) |
| Renter Occupied HU | 1,759 (24.4%) |
| Vacant Housing Units | 448 ( 6.2%) |
| Median Home Value | $198,048 |
| Average Home Value | $285,555 |
Residential
6,888
Single Family
6,411
Multi-Family
477
Businesses
945
Date | Event | Price |
|---|---|---|
| 2025-04-10 | Listed for sale | $209,900 |
| 2025-03-21 | Listing removed | $219,900 |
| 2025-02-23 | Listed for sale | $219,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-14 | $2528.00 | -47.33% | $136,900 | 27.59% |
| 2022-04-14 | $4799.73 | 104.77% | $107,300 | N/A |
| 2021-04-14 | $2344.00 | -3.70% | $107,300 | 14.27% |
Listed by: Julio Calvo • RE/MAX Precision
Mls Name: DMMLS
Mls Provider:
Mls ID: #715292
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.
