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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% |
Rental property for sale in Des Moines at 3268 State Ave, Des Moines, IA, 50317 generates $1,680/mo in rent and, after a $979/mo payment, leaves $381/mo in cash flow. Total monthly income is $1,680/mo, and annual cash flow is $4,572/yr on $66,300 invested. Return on cash invested sits at 26.8% in year one, and rental yield is 10.08% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 140.23% and total cumulative return in cash sums $92,972. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,680/mo property income rather than buyer’s personal income.
Single Family
Built in 1904
9,888 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50317, Des Moines, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,159 (100%) |
| Owner Occupied HU | 10,616 (65.7%) |
| Renter Occupied HU | 4,615 (28.6%) |
| Vacant Housing Units | 928 ( 5.7%) |
| Median Home Value | $194,343 |
| Average Home Value | $254,761 |
Residential
15,138
Single Family
14,021
Multi-Family
1,117
Businesses
755
Date | Event | Price |
|---|---|---|
| 2025-04-14 | Listed for sale | $200,000 |
| 2018-12-19 | Sold | $110,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-17 | $2686.00 | 5.25% | $147,000 | N/A |
| 2023-04-17 | $2552.00 | 0.79% | $147,000 | 25.43% |
| 2022-04-17 | $2532.00 | 3.86% | $117,200 | N/A |
Listed by: Laurie Culp • RE/MAX Precision
Mls Name: DMMLS
Mls Provider:
Mls ID: #715607
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.
