2704 Wedgewood Rd, Des Moines, IA, 50317 | $331/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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2704 Wedgewood Rd, Des Moines, IA, 50317 | $331/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Des Moines at 2704 Wedgewood Rd, Des Moines, IA, 50317 listed at $189,900 pairs $1,564/mo rent with a $929/mo payment to leave $331/mo cash flow. Total monthly income runs $1,564/mo, and annual cash flow reaches $3,974/yr on $62,952 cash to close. Return on cash invested measures 26.22% in year one, and rental yield registers 9.88% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 137.16% and total cumulative return in cash totals $86,345. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,564/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1960

10,497 sqft lot

$N/A/sqft

No HOA

More details about the property

Located in the NFC Financing Area and may qualify for up to $10,000 improvement grant. Welcome to this charming Des Moines home, nestled in a quiet, established neighborhood offering a perfect balance of comfort and convenience. Inside, you'll find beautiful hardwood floors and an abundance of natural light throughout. The eat-in kitchen and adjacent dining area provide flexible options for meals and gatherings. Three well-sized bedrooms offer plenty of space to suit your needs. The unfinished basement is a versatile space ready for your personal touchideal for expanding your living area, adding a bathroom, creating a home gym, office, or recreation room. With great ceiling height and accessible utilities, the possibilities are wide open. Enjoy the spacious, fenced front and back yardperfect for relaxing, entertaining, or creating an outdoor space to suit your lifestyle. The location offers convenient access to parks, schools, and shopping.

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