2811 SE 22nd St UNIT 240Des MoinesIA50320
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 2811 SE 22nd St UNIT 240, Des Moines, IA, 50320 in Des Moines achieves 1.73, rent of $1,081/mo covers the $625/mo payment 1.5x over at $139,000. Rental yield 9.33%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $38,403 over five years, with $1,280/yr in principal reduction bringing total projected return to $45,668.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.5% |
| Monthly Cash Flow | $(134) | $450 |
City averages based on Des Moines market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,081 |
| Total Monthly Debt Service | $1,160 |
| DSCR Ratio | 0.93x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1996
1,306 sqft lot
$N/A/sqft
$220 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 1996
1,306 sqft lot
$N/A/sqft
$220 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jason Miller • Weichert, Realtors-Miller & Clark Agency
Mls Name: CIBR
Mls Provider:
Mls ID: #68455
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not accurate.