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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in West Des Moines at 277 S 79th St UNIT 506, West Des Moines, IA, 50266 offers a 10.71% rental yield on a $225,000 purchase with $2,008/mo rent. Total monthly income registers $2,008/mo, and a $1,101/mo payment leaves $287/mo available for distribution. Annual cash flow reaches $3,444/yr on $74,588 to close, and return on cash invested stands at 24.53% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 129.49% and total cumulative return in cash at $96,585. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,008/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2002
1,632 sqft lot
$N/A/sqft
$260 monthly HOA
Neighborhood data shown for ZIP Code: 50266, West Des Moines, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,158 (100%) |
| Owner Occupied HU | 9,448 (46.9%) |
| Renter Occupied HU | 8,717 (43.2%) |
| Vacant Housing Units | 1,993 ( 9.9%) |
| Median Home Value | $398,812 |
| Average Home Value | $442,652 |
Residential
19,201
Single Family
11,911
Multi-Family
7,290
Businesses
1,810
Date | Event | Price |
|---|---|---|
| 2025-08-23 | Price change | $225,000 |
| 2025-07-17 | Listed for sale | $230,000 |
| 2024-02-02 | Sold | $222,800 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-20 | $3044.00 | 0.07% | $200,070 | 0.76% |
| 2023-10-20 | $3042.00 | 8.49% | $198,560 | 15.89% |
| 2022-10-20 | $2804.00 | -0.71% | $171,330 | 6.75% |
Listed by: Tim Lucken • Real Broker, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #722531
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.
