2806 Payne RdDes 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 2806 Payne Rd, Des Moines, IA, 50310 uses $33,150 cash to close to unlock $3,936/yr annual cash flow and $328/mo monthly cash flow. Total monthly income runs $977/mo, and a $489/mo payment keeps the spread at $328/mo. Purchase price stands at $100,000, and rental yield measures 11.72% with $977/mo rent. Return on cash invested shows 31.78% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 166.89% and total cumulative return in cash records $55,324. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $977/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1926
9,888 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: Erickson, Angela J • Realty ONE Group Impact
Mls Name: DMMLS
Mls Provider:
Mls ID: #708133
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.