2642 SE Osier AveWest 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
Rental property for sale in West Des Moines at 2642 SE Osier Ave, West Des Moines, IA, 50265 offers $1,997/mo rent that, after a $1,209/mo payment, leaves $219/mo cash flow. Total monthly income is $1,997/mo, and annual cash flow is $2,624/yr on $81,881 cash. Return on cash invested measures 23.11% in year one, and rental yield stands at 9.7% at a $247,000 entry. Equity gained on principal adds $1,594/yr while 5% annual appreciation compounds into $68,242 by year five. Five-year ROI records 121.37% and total cumulative return in cash reaches $99,376. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,997/mo property income versus a $1,209/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2022
1,350 sqft lot
$N/A/sqft
$170 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: Stevie O'Meara • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #717889
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.