313 E Broad StDes MoinesIA50315
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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 313 E Broad St, Des Moines, IA, 50315 priced at $139,900 converts $1,090/mo rent into $181/mo cash flow after a $685/mo obligation. Total monthly income equals $1,090/mo, and annual cash flow totals $2,174/yr on $46,377 invested. Return on cash invested prints 24.6% in year one, and rental yield reads 9.35% against a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,652 by year five. Five-year ROI reaches 128.5% and total cumulative return in cash sums $59,595. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,090/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1933
0.55 Acres lot
$N/A/sqft
No HOA
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Listed by: Todd Fatino • Modern Realty
Mls Name: DMMLS
Mls Provider:
Mls ID: #723044
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.