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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Des Moines at 3100 Grand Ave APT 1F, Des Moines, IA, 50312 listed at $172,500 pairs $1,292/mo rent with a $844/mo payment. Total monthly income runs $1,292/mo. Return on cash invested measures 11.18% in year one, and rental yield registers 8.99% at a $172,500 basis. Equity gained on principal adds $1,113/yr, and annual property appreciation at 5% supports $47,659 by year five. Five-year ROI tracks 60.88% and total cumulative return in cash totals $34,814. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,292/mo property income relative to a $844/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1970
N/A lot
$N/A/sqft
$588 monthly HOA
Neighborhood data shown for ZIP Code: 50312, Des Moines, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,317 (100%) |
| Owner Occupied HU | 4,524 (54.4%) |
| Renter Occupied HU | 3,187 (38.3%) |
| Vacant Housing Units | 606 ( 7.3%) |
| Median Home Value | $380,171 |
| Average Home Value | $451,211 |
Residential
7,800
Single Family
4,803
Multi-Family
2,997
Businesses
458
Date | Event | Price |
|---|---|---|
| 2024-09-16 | Price change | $172,500 |
| 2024-09-06 | Listed for sale | $179,900 |
| 2022-09-09 | Sold | $125,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $2456.00 | 0.82% | $122,500 | 5.15% |
| 2022-10-15 | $2436.00 | 0.58% | $116,500 | N/A |
| 2021-10-15 | $2422.00 | -3.43% | $116,500 | 6.98% |
Listed by: Tuttle, Jamee • RE/MAX Precision
Mls Name: DMMLS
Mls Provider:
Mls ID: #703371
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.
