3100 Grand Ave APT 5JDes MoinesIA50312
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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 3100 Grand Ave APT 5J, Des Moines, IA, 50312 generates $1,563/mo in rent and, after a $978/mo payment, leaves $265/mo in cash flow. Total monthly income is $1,563/mo, and annual cash flow is $3,182/yr on $66,267 invested. Return on cash invested sits at 24.71% in year one, and rental yield is 9.38% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 129.06% and total cumulative return in cash sums $85,525. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,563/mo property income rather than buyer’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,800
Single Family
4,803
Multi-Family
2,997
Businesses
458
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Listed by: Michelle Renken • RE/MAX Concepts
Mls Name: DMMLS
Mls ID: #731908