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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Des Moines at 3124 E 7th St, Des Moines, IA, 50316 offers a 9.48% rental yield on a $189,900 purchase with $1,500/mo rent. Total monthly income registers $1,500/mo, and a $929/mo payment leaves $267/mo available for distribution. Annual cash flow reaches $3,206/yr on $62,952 to close, and return on cash invested stands at 25% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 130.6% and total cumulative return in cash at $82,217. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,500/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
6,664 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50316, Des Moines, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,465 (100%) |
| Owner Occupied HU | 3,346 (51.8%) |
| Renter Occupied HU | 2,621 (40.5%) |
| Vacant Housing Units | 498 ( 7.7%) |
| Median Home Value | $150,369 |
| Average Home Value | $226,314 |
Residential
5,910
Single Family
4,964
Multi-Family
946
Businesses
468
Date | Event | Price |
|---|---|---|
| 2024-10-15 | Listed for sale | $189,900 |
| 2009-08-06 | Sold | $89,500 |
| 2009-06-13 | Price change | $92,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-20 | $2638.00 | 0.76% | $141,700 | 26.63% |
| 2022-11-20 | $2618.00 | 5.91% | $111,900 | N/A |
| 2021-11-20 | $2472.00 | -3.81% | $111,900 | 12.92% |
Listed by: John Brummett • RE/MAX Precision
Mls Name: DMMLS
Mls Provider:
Mls ID: #705826
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.
