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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Des Moines at 3220 59th St, Des Moines, IA, 50322 offers a 7.78% rental yield on a $220,000 purchase with $1,427/mo rent. 66% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 102% and total cumulative return in cash at $74,387. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,427/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50322, Urbandale, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,132 (100%) |
| Owner Occupied HU | 9,754 (69.0%) |
| Renter Occupied HU | 3,744 (26.5%) |
| Vacant Housing Units | 634 ( 4.5%) |
| Median Home Value | $284,903 |
| Average Home Value | $302,461 |
Residential
13,630
Single Family
10,811
Multi-Family
2,819
Businesses
1,407
Date | Event | Price |
|---|---|---|
| 2025-07-21 | Listed for sale | $220,000 |
| 2016-07-11 | Sold | $132,000 |
| 2016-05-25 | Pending sale | $135,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-24 | $3504.00 | -0.23% | $188,600 | N/A |
| 2023-07-24 | $3512.00 | 0.80% | $188,600 | 19.44% |
| 2022-07-24 | $3484.00 | 2.59% | $157,900 | N/A |
Listed by: Allen Lundgren • Iowa Realty Beaverdale
Mls Name: DMMLS
Mls Provider:
Mls ID: #722736
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.
