3103 Grand AveDes 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 3103 Grand Ave, Des Moines, IA, 50312 priced at $546,000 pairs $1,517/mo rent with after a $2,672/mo payment. Total monthly income equals $1,517/mo. Return on cash invested is 6.51% in year one, and rental yield stands at 3.33% on a $546,000 basis. Equity gained on principal adds $3,523/yr, and 5% annual appreciation accumulates to $150,850 by year five. Five-year ROI measures 31.36% and total cumulative return in cash reaches $56,342. For financing, Ziffy Mortgage’s DSCR program evaluates $1,517/mo property income against a $2,672/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1913
0.53 Acres 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: Brian K Spraggins • Hunziker & Assoc.-Ames
Mls Name: CIBR
Mls ID: #66568