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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 2915 6th Ave, Des Moines, IA, 50313 offers a 9.37% rental yield on a $169,000 purchase with $1,320/mo rent. Total monthly income registers $1,320/mo, and a $827/mo payment leaves $223/mo available for distribution. Annual cash flow reaches $2,671/yr on $56,024 to close, and return on cash invested stands at 24.68% in year one. Equity gained on principal adds $1,091/yr while 5% annual appreciation supports $46,692 over five years. Portfolio math shows five-year ROI at 128.85% and total cumulative return in cash at $72,187. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,320/mo property income against a $827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1922
6,838 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 |
|---|---|---|
| 2025-04-18 | Listed for sale | $169,000 |
| 2012-07-25 | Sold | $17,500 |
| 2009-04-30 | Sold | $18,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-22 | $1860.00 | -9.91% | $94,600 | N/A |
| 2023-04-22 | $2064.53 | 10.28% | $94,600 | 18.25% |
| 2022-04-22 | $1872.00 | 7.46% | $80,000 | N/A |
Listed by: Julia Mena • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #715993
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.
