2721 E 16th StDes MoinesIA50316
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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 E 16th St, Des Moines, IA, 50316 uses $39,747 cash to close to unlock $1,514/yr annual cash flow and $126/mo monthly cash flow. Total monthly income runs $905/mo, and a $587/mo payment keeps the spread at $126/mo. Purchase price stands at $119,900, and rental yield measures 9.06% with $905/mo rent. Return on cash invested shows 23.72% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 123.78% and total cumulative return in cash records $49,200. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $905/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1951
9,496 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50316, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,465 (100%) |
| Owner Occupied HU | 3,346 (51.8%) |
| Renter Occupied HU | 2,621 (40.5%) |
| Vacant Housing Units | 498 ( 7.7%) |
| Median Home Value | $150,369 |
| Average Home Value | $226,314 |
Housing Distribution
Address Breakdown
Residential
5,910
Single Family
4,964
Multi-Family
946
Businesses
468
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Listed by: Dustin Schutte • RE/MAX Revolution
Mls Name: DMMLS
Mls ID: #721617