2801 Ep True Pkwy UNIT 1005West Des MoinesIA50265
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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 West Des Moines at 2801 Ep True Pkwy UNIT 1005, West Des Moines, IA, 50265 offers a 9.97% rental yield on a $228,900 purchase with $1,901/mo rent. Total monthly income registers $1,901/mo, and a $1,120/mo payment leaves $187/mo available for distribution. Annual cash flow reaches $2,247/yr on $75,880 to close, and return on cash invested stands at 22.87% in year one. Equity gained on principal adds $1,477/yr while 5% annual appreciation supports $63,241 over five years. Portfolio math shows five-year ROI at 120.47% and total cumulative return in cash at $91,413. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,901/mo property income against a $1,120/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1997
2,003 sqft lot
$N/A/sqft
$213 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50265, West Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,157 (100%) |
| Owner Occupied HU | 9,392 (62.0%) |
| Renter Occupied HU | 4,929 (32.5%) |
| Vacant Housing Units | 836 ( 5.5%) |
| Median Home Value | $310,899 |
| Average Home Value | $379,482 |
Housing Distribution
Address Breakdown
Residential
15,049
Single Family
11,438
Multi-Family
3,611
Businesses
1,103
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Listed by: Maria Balac • Realty ONE Group Impact
Mls Name: DMMLS
Mls Provider:
Mls ID: #712679
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.