319 SW 7th St UNIT 107Des MoinesIA50309
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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
Investment property for sale in Des Moines at 319 SW 7th St UNIT 107, Des Moines, IA, 50309 uses $108,865 cash to close to unlock $8,371/yr annual cash flow and $698/mo monthly cash flow. Total monthly income runs $3,005/mo, and a $1,607/mo payment keeps the spread at $698/mo. Purchase price stands at $328,400, and rental yield measures 10.98% with $3,005/mo rent. Return on cash invested shows 27.6% in year one, and 5% annual appreciation builds toward $90,731 over five years. Five-year ROI reaches 145.18% and total cumulative return in cash records $158,052. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,005/mo property income covering a $1,607/mo payment rather than investor’s personal income.
Condo
Built in 2013
1,132 sqft lot
$N/A/sqft
$175 monthly HOA
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Listed by: B.J. KNAPP • Iowa Realty Mills Crossing
Mls Name: DMMLS
Mls Provider:
Mls ID: #709119
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