2937 Capitol AveDes MoinesIA50317
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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
Investment property for sale in Des Moines at 2937 Capitol Ave, Des Moines, IA, 50317 with 5% annual appreciation on a $135,100 basis while $1,337/mo rent supports operations. Total monthly income totals $1,337/mo and a $661/mo payment preserves $460/mo for cash returns. Annual cash flow comes to $5,518/yr on $44,786 deployed, and return on cash invested reaches 32.23% in year one. Equity gained on principal adds $872/yr, and five-year appreciation sums $37,326 alongside rental yield of 11.88%. Five-year ROI measures 169.3% and total cumulative return in cash totals $75,824.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,337/mo property income versus a $661/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1925
7,361 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50317, Des Moines, IA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
15,138
Single Family
14,021
Multi-Family
1,117
Businesses
755
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