324 9th St, West Des Moines, IA, 50265 | $159/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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324 9th St, West Des Moines, IA, 50265 | $159/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

Rental property for sale in West Des Moines at 324 9th St, West Des Moines, IA, 50265 generates $2,010/mo in rent and, after a $1,395/mo payment, leaves $159/mo in cash flow. Total monthly income is $2,010/mo, and annual cash flow is $1,908/yr on $94,478 invested. Return on cash invested sits at 21.93% in year one, and rental yield is 8.46% on a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 114.07% and total cumulative return in cash sums $107,766. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,010/mo property income rather than buyer’s personal income.

Single Family

Built in 1890

0.33 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this newly renovated 3 bedroom, 2 bath home in a great location! Just steps from Wilson Park, and a few blocks from Valley Junction, this beauty checks off all the boxes! The home is situated on a double lot with mature trees and extra outdoor space perfect for gardening, entertaining, or simply enjoying the open air. The property also features a recently added 2 car garage with bonus storage shed, keeping things organized year round. Inside the home, you will find bonuses such as main floor laundry, first floor bedroom with full bathroom, as well as hardwood flooring in the dining and living room areas! The kitchen is classic meets modern with cozy tile and butcher block countertops, an induction cooktop, and open shelving for display. The upper level features 2 bedrooms, including a primary with walk-in closet and bath with tiled walk-in shower and a charming vanity. Upper level also features freshly installed carpet. Be sure to checkout the updated lighting throughout! This home truly has something for everyone, and is prepared for its next owner! Call your Favorite Realtor for a personal showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 50265, West Des Moines, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,157 (100%)
Owner Occupied HU	9,392 (62.0%)
Renter Occupied HU	4,929 (32.5%)
Vacant Housing Units	836 ( 5.5%)
Median Home Value	$310,899
Average Home Value	$379,482