3118 Cornell StDes MoinesIA50313
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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 3118 Cornell St, Des Moines, IA, 50313 priced at $179,900 converts $1,411/mo rent into $242/mo cash flow after a $881/mo obligation. Total monthly income equals $1,411/mo, and annual cash flow totals $2,906/yr on $59,637 invested. Return on cash invested prints 24.78% in year one, and rental yield reads 9.41% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 129.42% and total cumulative return in cash sums $77,181. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,411/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1917
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50313, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,209 (100%) |
| Owner Occupied HU | 5,002 (69.4%) |
| Renter Occupied HU | 1,759 (24.4%) |
| Vacant Housing Units | 448 ( 6.2%) |
| Median Home Value | $198,048 |
| Average Home Value | $285,555 |
Housing Distribution
Address Breakdown
Residential
6,888
Single Family
6,411
Multi-Family
477
Businesses
945
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Listed by: Diana Pastor • Country Estates Realty
Mls Name: DMMLS
Mls Provider:
Mls ID: #707881
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.