2811 SE 22nd St Unit 220,Des Moines,IA,50320

Investment Highlights

Investment property for sale in Des Moines at 2811 SE 22nd St Unit 220, Des Moines, IA, 50320 offers a 8.64% rental yield on a $199,900 purchase with $1,440/mo rent. Total monthly income registers $1,440/mo, and a $978/mo payment leaves $142/mo available for distribution. Annual cash flow reaches $1,706/yr on $66,267 to close, and return on cash invested stands at 22.48% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 117.11% and total cumulative return in cash at $77,605. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,440/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.