3209 Saint Johns RdDes MoinesIA50312
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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 3209 Saint Johns Rd, Des Moines, IA, 50312 uses $183,911 cash to close to unlock $4,099/yr annual cash flow and $342/mo monthly cash flow. Total monthly income runs $3,972/mo, and a $2,736/mo payment keeps the spread at $342/mo. Purchase price stands at $559,000, and rental yield measures 8.53% with $3,972/mo rent. Return on cash invested shows 22.29% in year one, and 5% annual appreciation builds toward $154,441 over five years. Five-year ROI reaches 115.98% and total cumulative return in cash records $213,303. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,972/mo property income covering a $2,736/mo payment rather than investor’s personal income.
Single Family
Built in 1938
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50312, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,317 (100%) |
| Owner Occupied HU | 4,524 (54.4%) |
| Renter Occupied HU | 3,187 (38.3%) |
| Vacant Housing Units | 606 ( 7.3%) |
| Median Home Value | $380,171 |
| Average Home Value | $451,211 |
Housing Distribution
Address Breakdown
Residential
7,800
Single Family
4,803
Multi-Family
2,997
Businesses
458
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Listed by: Sara Gaskell • Iowa Realty Mills Crossing
Mls Name: DMMLS
Mls ID: #730998