2908 River Ridge RdDes MoinesIA50320
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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 2908 River Ridge Rd, Des Moines, IA, 50320 generates $2,278/mo in rent and, after a $1,468/mo payment, leaves $330/mo in cash flow. Total monthly income is $2,278/mo, and annual cash flow is $3,960/yr on $99,447 invested. Return on cash invested sits at 23.89% in year one, and rental yield is 9.11% on a $299,990 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,882 over five years. Five-year ROI reaches 124.65% and total cumulative return in cash sums $123,957. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,278/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
6,926 sqft lot
$N/A/sqft
No HOA
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Listed by: Rob Burditt • Hubbell Homes of Iowa, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #718054
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.