2804 Boston AveDes MoinesIA50310
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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 2804 Boston Ave, Des Moines, IA, 50310 listed at $157,500 pairs $1,247/mo rent with a $771/mo payment to leave $224/mo cash flow. Total monthly income runs $1,247/mo, and annual cash flow reaches $2,688/yr on $52,211 cash to close. Return on cash invested measures 25.06% in year one, and rental yield registers 9.5% at a $157,500 basis. Equity gained on principal adds $1,016/yr, and annual property appreciation at 5% supports $43,514 by year five. Five-year ROI tracks 130.86% and total cumulative return in cash totals $68,325. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,247/mo property income relative to a $771/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1947
4,268 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50310, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,226 (100%) |
| Owner Occupied HU | 9,081 (63.8%) |
| Renter Occupied HU | 4,361 (30.7%) |
| Vacant Housing Units | 784 ( 5.5%) |
| Median Home Value | $237,952 |
| Average Home Value | $269,365 |
Housing Distribution
Address Breakdown
Residential
13,690
Single Family
11,750
Multi-Family
1,940
Businesses
755
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Listed by: Nancy Nastruz • Keller Williams Realty GDM
Mls Name: DMMLS
Mls ID: #730192