2628 High StDes MoinesIA50312
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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 2628 High St, Des Moines, IA, 50312 uses $77,903 cash to close to unlock $7,334/yr annual cash flow and $611/mo monthly cash flow. Total monthly income runs $2,172/mo, and a $1,150/mo payment keeps the spread at $611/mo. Purchase price stands at $235,000, and rental yield measures 11.09% with $2,172/mo rent. Return on cash invested shows 29.32% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 153.97% and total cumulative return in cash records $119,944. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,172/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1913
6,011 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
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Listed by: Ben Bjorholm • 1 Percent Lists Evolution
Mls Name: DMMLS
Mls Provider:
Mls ID: #717128
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.