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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Des Moines at 2880 Grand Ave APT 109, Des Moines, IA, 50312 offers a 9.63% rental yield on a $195,000 purchase with $1,565/mo rent. 64% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,875 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,565/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1982
N/A lot
$N/A/sqft
$505 monthly HOA
Neighborhood data shown for ZIP Code: 50312, Des Moines, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,317 (100%) |
| Owner Occupied HU | 4,524 (54.4%) |
| Renter Occupied HU | 3,187 (38.3%) |
| Vacant Housing Units | 606 ( 7.3%) |
| Median Home Value | $380,171 |
| Average Home Value | $451,211 |
Residential
7,800
Single Family
4,803
Multi-Family
2,997
Businesses
458
Date | Event | Price |
|---|---|---|
| 2025-04-04 | Listed for sale | $195,000 |
| 1999-02-03 | Sold | $94,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-11 | $39630.00 | 6.81% | $166,700 | 11.36% |
| 2022-04-11 | $37102.00 | 7.23% | $149,700 | N/A |
| 2021-04-11 | $34600.00 | 1184.34% | $149,700 | 5.05% |
Listed by: Brett Fine • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #714969
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.
