3301 Columbia StDes 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 3301 Columbia St, Des Moines, IA, 50313 earns $174/mo cash flow from $1,018/mo rent with a $636/mo payment. Total monthly income totals $1,018/mo, and annual cash flow totals $2,088/yr on $43,095 capital. ROI tracks 24.75% on current figures, and rental yield reads 9.4% at a $129,999 purchase. Equity gained on principal adds $839/yr, and 5% annual appreciation supports $35,916 over five years. Five-year ROI reaches 129.24% and total cumulative return in cash sums $55,694. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,018/mo property income instead of your personal income.
Single Family
Built in 1919
6,403 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: Christopher Foster • Weichert, Realtors - 515 Agency
Mls Name: DMMLS
Mls ID: #732238