3218 2nd AveDes MoinesIA50313
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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 3218 2nd Ave, Des Moines, IA, 50313 uses $39,780 cash to close to unlock $2,136/yr annual cash flow and $178/mo monthly cash flow. Total monthly income runs $957/mo, and a $587/mo payment keeps the spread at $178/mo. Purchase price stands at $120,000, and rental yield measures 9.57% with $957/mo rent. Return on cash invested shows 25.28% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 131.99% and total cumulative return in cash records $52,507. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $957/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1915
5,183 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50313, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,209 (100%) |
| Owner Occupied HU | 5,002 (69.4%) |
| Renter Occupied HU | 1,759 (24.4%) |
| Vacant Housing Units | 448 ( 6.2%) |
| Median Home Value | $198,048 |
| Average Home Value | $285,555 |
Housing Distribution
Address Breakdown
Residential
6,888
Single Family
6,411
Multi-Family
477
Businesses
945
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Listed by: John Brummett • RE/MAX Precision
Mls Name: DMMLS
Mls ID: #732114