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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% |
Rental property for sale in West Des Moines at 280 S 79th St UNIT 1302, West Des Moines, IA, 50266 generates $1,968/mo in rent and, after a $1,101/mo payment, leaves $132/mo in cash flow. Total monthly income is $1,968/mo, and annual cash flow is $1,584/yr on $74,588 invested. Return on cash invested sits at 22.03% in year one, and rental yield is 10.5% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 116.8% and total cumulative return in cash sums $87,117. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,968/mo property income rather than buyer’s personal income.
Condo
Built in 2003
4,356 sqft lot
$N/A/sqft
$375 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 |
|---|---|---|
| 2025-07-30 | Sold | $225,000 |
| 2025-06-29 | Pending sale | $225,000 |
| 2025-06-06 | Listed for sale | $225,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-16 | $3082.00 | -8.05% | $207,930 | N/A |
| 2023-10-16 | $3352.00 | 20.23% | $207,930 | 16.17% |
| 2022-10-16 | $2788.00 | 3.64% | $178,980 | 9.81% |
Listed by: Steve Clark • VIA Group, REALTORS
Mls Name: DMMLS
Mls Provider:
Mls ID: #719659
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.
