2622 E 29th 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 2622 E 29th St, Des Moines, IA, 50317 earns $334/mo cash flow from $1,567/mo rent with a $929/mo payment. Total monthly income totals $1,567/mo, and annual cash flow totals $4,010/yr on $62,952 capital. ROI tracks 26.28% on current figures, and rental yield reads 9.9% at a $189,900 purchase. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 over five years. Five-year ROI reaches 137.47% and total cumulative return in cash sums $86,537. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,567/mo property income instead of your personal income.
Single Family
Built in 1948
7,492 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: Jon Niemeyer • EXIT Realty & Associates
Mls Name: DMMLS
Mls ID: #728584