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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 2923 E 40th St, Des Moines, IA, 50317 offers a 8.28% rental yield on a $270,000 purchase with $1,862/mo rent. Total monthly income registers $1,862/mo, and a $1,322/mo payment leaves $108/mo available for distribution. Annual cash flow reaches $1,296/yr on $89,505 to close, and return on cash invested stands at 21.36% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,596 over five years. Portfolio math shows five-year ROI at 111% and total cumulative return in cash at $99,349. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,862/mo property income against a $1,322/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50317, Des Moines, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,159 (100%) |
| Owner Occupied HU | 10,616 (65.7%) |
| Renter Occupied HU | 4,615 (28.6%) |
| Vacant Housing Units | 928 ( 5.7%) |
| Median Home Value | $194,343 |
| Average Home Value | $254,761 |
Residential
15,138
Single Family
14,021
Multi-Family
1,117
Businesses
755
Date | Event | Price |
|---|---|---|
| 2025-06-13 | Sold | $270,000 |
| 2025-05-11 | Pending sale | $269,900 |
| 2025-05-07 | Listed for sale | $269,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-16 | $3628.00 | 0.28% | $201,900 | N/A |
| 2023-10-16 | $3618.00 | 0.84% | $201,900 | 24.32% |
| 2022-10-16 | $3588.00 | 0.96% | $162,400 | N/A |
Listed by: Zineta Imamovic • Realty ONE Group Impact
Mls Name: DMMLS
Mls Provider:
Mls ID: #717458
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.
