2721 61st StDes MoinesIA50322
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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 2721 61st St, Des Moines, IA, 50322 listed at $233,800 pairs $1,817/mo rent with a $1,144/mo payment to leave $299/mo cash flow. Total monthly income runs $1,817/mo, and annual cash flow reaches $3,587/yr on $77,505 cash to close. Return on cash invested measures 24.54% in year one, and rental yield registers 9.33% at a $233,800 basis. Equity gained on principal adds $1,509/yr, and annual property appreciation at 5% supports $64,595 by year five. Five-year ROI tracks 128.06% and total cumulative return in cash totals $99,252. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,817/mo property income relative to a $1,144/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50322, Urbandale, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,132 (100%) |
| Owner Occupied HU | 9,754 (69.0%) |
| Renter Occupied HU | 3,744 (26.5%) |
| Vacant Housing Units | 634 ( 4.5%) |
| Median Home Value | $284,903 |
| Average Home Value | $302,461 |
Housing Distribution
Address Breakdown
Residential
13,630
Single Family
10,811
Multi-Family
2,819
Businesses
1,407
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Listed by: Jami Bassman Ahart • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #717635
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.