3111 E Clinton AveDes MoinesIA50317
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3111 E Clinton Ave, Des Moines, IA, 50317 generates $1,939/mo in rent and, after a $1,052/mo payment, leaves $543/mo in cash flow. Total monthly income is $1,939/mo, and annual cash flow is $6,516/yr on $71,273 invested. Return on cash invested sits at 29.05% in year one, and rental yield is 10.82% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 152.26% and total cumulative return in cash sums $108,517. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,939/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50317, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,159 (100%) |
| Owner Occupied HU | 10,616 (65.7%) |
| Renter Occupied HU | 4,615 (28.6%) |
| Vacant Housing Units | 928 ( 5.7%) |
| Median Home Value | $194,343 |
| Average Home Value | $254,761 |
Housing Distribution
Address Breakdown
Residential
15,138
Single Family
14,021
Multi-Family
1,117
Businesses
755
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Heather Wright • RE/MAX Concepts
Mls Name: DMMLS
Mls ID: #733439