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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% |
Rental property for sale in Des Moines at 2901 2nd Ave, Des Moines, IA, 50313 generates $2,273/mo in rent and, after a $1,052/mo payment, leaves $877/mo in cash flow. Total monthly income is $2,273/mo, and annual cash flow is $10,526/yr on $71,239 invested. Return on cash invested sits at 34.68% in year one, and rental yield is 12.69% on a $214,900 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,373 over five years. Five-year ROI reaches 182.54% and total cumulative return in cash sums $130,038. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,273/mo property income rather than buyer’s personal income.
Single Family
Built in 1896
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50313, Des Moines, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,209 (100%) |
| Owner Occupied HU | 5,002 (69.4%) |
| Renter Occupied HU | 1,759 (24.4%) |
| Vacant Housing Units | 448 ( 6.2%) |
| Median Home Value | $198,048 |
| Average Home Value | $285,555 |
Residential
6,888
Single Family
6,411
Multi-Family
477
Businesses
945
Date | Event | Price |
|---|---|---|
| 2024-08-18 | Listed for sale | $214,900 |
| 2024-08-01 | Sold | $56,000 |
| 1998-10-14 | Sold | $53,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-20 | $2036.00 | 12.36% | $104,500 | 20.95% |
| 2022-11-20 | $1812.00 | 8.89% | $86,400 | N/A |
| 2021-11-20 | $1664.00 | -3.48% | $86,400 | 14.74% |
Listed by: Julio Calvo • Realty ONE Group Impact
Mls Name: DMMLS
Mls Provider:
Mls ID: #700417
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.
