3100 Grand Ave APT 2E, Des Moines, IA, 50312 | $633/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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3100 Grand Ave APT 2E, Des Moines, IA, 50312 | $633/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Des Moines at 3100 Grand Ave APT 2E, Des Moines, IA, 50312 generates $1,834/mo in rent and, after a $905/mo payment, leaves $633/mo in cash flow. Total monthly income is $1,834/mo, and annual cash flow is $7,596/yr on $61,328 invested. Return on cash invested sits at 32.29% in year one, and rental yield is 11.9% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 169.65% and total cumulative return in cash sums $104,043. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,834/mo property income rather than buyer’s personal income.

Condo

Built in 1970

N/A lot

$N/A/sqft

No HOA

More details about the property

Are you ready for someone else to rake the leaves and scoop the snow? This conveniently located condo may be just what you are waiting for. A sought after corner unit with eastern exposure with views towards downtown allowing you to watch the sunrise. Updated kitchen and bath with plenty of room, a walk-in shower, lots of closet space, and an enclosed 3 season balcony. Amenities in this secure building include shared laundry facilities on each floor, indoor pool, spa and sauna, one guest stay room, two new elevators, one underground parking space, and an extra storage space in the basement. The HOA covers heat and A/C, water and trash, WiFi internet and Cable TV, onsite management and maintenance staff. This is a great location near DMU, restaurants, banks, grocery and drug store. The best kept secret on Grand Ave!

Neighborhood Data

Neighborhood data shown for ZIP Code: 50312, Des Moines, IA area.

Housing Distribution

Housing Statistics

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