3224 SW 2nd St, Des Moines, IA, 50315 | $284/mo Cash Flow

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3224 SW 2nd St, Des Moines, IA, 50315 | $284/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Des Moines at 3224 SW 2nd St, Des Moines, IA, 50315 earns $284/mo cash flow from $1,680/mo rent with a $1,052/mo payment. Total monthly income totals $1,680/mo, and annual cash flow totals $3,408/yr on $71,273 capital. ROI tracks 24.69% on current figures, and rental yield reads 9.38% at a $215,000 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 over five years. Five-year ROI reaches 128.89% and total cumulative return in cash sums $91,861. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,680/mo property income instead of your personal income.

Single Family

Built in 1956

9,104 sqft lot

$N/A/sqft

No HOA

More details about the property

This adorable home on the south side of Des Moines is the perfect combination of comfort and convenience! This 3 BR, 1 bath ranch home features over 1,200 sq ft of one level living with a large, open layout and completely move-in ready! All of the big ticket maintenance items have been done for you! The beautiful kitchen has been updated with quartz counters, fresh paint, and stainless steel appliances. The 3 bedrooms are all good sized with large closets, and the full bath has been updated with fresh paint, new tub and surround, new toilet, and a new vanity. The deck right off the sliders leads to the 1 car detached garage and large backyard. There is also a newer roof and gutters, new siding on the garage, new furnace and AC, new water heater, and all appliances are included! Plus, this home is located in a quiet neighborhood minutes away from schools, restaurants, shopping, and more! Schedule your showing today!