2900 Virginia PlDes MoinesIA50321
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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
Rental property for sale in Des Moines at 2900 Virginia Pl, Des Moines, IA, 50321 generates $2,640/mo in rent, after a $3,181/mo payment. Total monthly income is $2,640/mo. Return on cash invested sits at 11.19% in year one, and rental yield is 4.87% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 56.43% and total cumulative return in cash sums $120,686. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,640/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
0.54 Acres lot
$N/A/sqft
No HOA
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Listed by: Sara Hopkins • RE/MAX Precision
Mls Name: DMMLS
Mls ID: #732967