3306 S Union StDes MoinesIA50315
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 3306 S Union St, Des Moines, IA, 50315 in Des Moines. At $167,900 it earns $1,440/mo in rent and distributes $350/mo to the owner after the $755/mo payment, a consistent 10.29% yield. DSCR 1.91 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $46,388 in value; $1,546/yr in principal paydown compounds ownership stake. Total projected return: $86,418.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 6.5% |
| Monthly Cash Flow | $350 | $450 |
City averages based on Des Moines market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,440 |
| Total Monthly Debt Service | $1,024 |
| DSCR Ratio | 1.41x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1893
0.42 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1893
0.42 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeff Kinion • Realty ONE Group Impact
Mls Name: DMMLS
Mls Provider:
Mls ID: #716603
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.