3015 Seneca AveDes MoinesIA50310
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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 3015 Seneca Ave, Des Moines, IA, 50310 generates $1,453/mo in rent and, after a $910/mo payment, leaves $246/mo in cash flow. Total monthly income is $1,453/mo, and annual cash flow is $2,947/yr on $61,626 invested. Return on cash invested sits at 24.69% in year one, and rental yield is 9.38% on a $185,900 entry. Equity gained on principal adds $1,200/yr, while 5% annual appreciation builds toward $51,361 over five years. Five-year ROI reaches 128.9% and total cumulative return in cash sums $79,437. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,453/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
9,365 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50310, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,226 (100%) |
| Owner Occupied HU | 9,081 (63.8%) |
| Renter Occupied HU | 4,361 (30.7%) |
| Vacant Housing Units | 784 ( 5.5%) |
| Median Home Value | $237,952 |
| Average Home Value | $269,365 |
Housing Distribution
Address Breakdown
Residential
13,690
Single Family
11,750
Multi-Family
1,940
Businesses
755
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Listed by: Chinh Nguyen • RE/MAX Concepts
Mls Name: DMMLS
Mls ID: #724892