3029 Hart AveDes MoinesIA50320
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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 3029 Hart Ave, Des Moines, IA, 50320 offers $2,154/mo rent that, after a $1,801/mo payment. Total monthly income is $2,154/mo. Return on cash invested measures 17.04% in year one, and rental yield stands at 7.03% at a $367,900 entry. Equity gained on principal adds $2,374/yr while 5% annual appreciation compounds into $101,644 by year five. Five-year ROI records 88.07% and total cumulative return in cash reaches $107,406. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,154/mo property income versus a $1,801/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.26 Acres lot
$N/A/sqft
No HOA
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Listed by: Rob Wheeler • Century 21 Signature
Mls Name: DMMLS
Mls Provider:
Mls ID: #716379
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