3012 Cornell StDes MoinesIA50313
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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 3012 Cornell St, Des Moines, IA, 50313 generates $942/mo in rent and, after a $587/mo payment, leaves $163/mo in cash flow. Total monthly income is $942/mo, and annual cash flow is $1,956/yr on $39,780 invested. Return on cash invested sits at 24.83% in year one, and rental yield is 9.42% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 129.58% and total cumulative return in cash sums $51,547. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $942/mo property income rather than buyer’s personal income.
Single Family
Built in 1926
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50313, Des Moines, IA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
6,888
Single Family
6,411
Multi-Family
477
Businesses
945
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Listed by: Madelynn McFadden • Iowa Realty South
Mls Name: DMMLS
Mls ID: #730961