301 S 62nd StWest Des MoinesIA50266
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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 West Des Moines at 301 S 62nd St, West Des Moines, IA, 50266 listed at $532,000 pairs $3,366/mo rent with a $2,604/mo payment. Total monthly income runs $3,366/mo. Return on cash invested measures 19.34% in year one, and rental yield registers 7.59% at a $532,000 basis. Equity gained on principal adds $3,433/yr, and annual property appreciation at 5% supports $146,982 by year five. Five-year ROI tracks 100.23% and total cumulative return in cash totals $175,438. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,366/mo property income relative to a $2,604/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2004
0.29 Acres lot
$N/A/sqft
$185 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50266, West Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,158 (100%) |
| Owner Occupied HU | 9,448 (46.9%) |
| Renter Occupied HU | 8,717 (43.2%) |
| Vacant Housing Units | 1,993 ( 9.9%) |
| Median Home Value | $398,812 |
| Average Home Value | $442,652 |
Housing Distribution
Address Breakdown
Residential
19,201
Single Family
11,911
Multi-Family
7,290
Businesses
1,810
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Listed by: Danielle Plank-Harris • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #723446
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.