3131 Fleur Dr Unit 208Des MoinesIA50321
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play3131 Fleur Dr Unit 208, Des Moines, IA, 50321 in Des Moines is priced for appreciation, not yield. Rental yield 2.67%. At $599,000 with a 2.67% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $165,493 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.50) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.7% | 6.5% |
| Monthly Cash Flow | $(4,419) | $450 |
City averages based on Des Moines market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,334 |
| Total Monthly Debt Service | $5,515 |
| DSCR Ratio | 0.24x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1967
N/A lot
$N/A/sqft
$1,863 monthly HOA
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
Condo
Built in 1967
N/A lot
$N/A/sqft
$1,863 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tony Berry • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #733920
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