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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 280 S 79th St UNIT 1601, West Des Moines, IA, 50266 offers a 9.03% rental yield on a $275,000 purchase with $2,070/mo rent. 71% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 98.58% and total cumulative return in cash at $89,867. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,070/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2004
N/A 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 |
|---|---|---|
| 2025-10-03 | Sold | $275,000 |
| 2025-08-29 | Pending sale | $279,900 |
| 2025-08-19 | Listed for sale | $279,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-20 | $3718.00 | -1.59% | $247,270 | N/A |
| 2023-10-20 | $3778.00 | 8.69% | $247,270 | 17.40% |
| 2022-10-20 | $3476.00 | 1.82% | $210,620 | 7.02% |
Listed by: Betsy Sanders • Keller Williams Realty GDM
Mls Name: DMMLS
Mls Provider:
Mls ID: #724604
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.
