3314 School StDes MoinesIA50311
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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 3314 School St, Des Moines, IA, 50311 with 5% annual appreciation on a $261,000 basis while $1,988/mo rent supports operations. Total monthly income totals $1,988/mo and a $1,277/mo payment preserves $273/mo for cash returns. Annual cash flow comes to $3,281/yr on $86,522 deployed, and return on cash invested reaches 23.7% in year one. Equity gained on principal adds $1,684/yr, and five-year appreciation sums $72,109 alongside rental yield of 9.14%. Five-year ROI measures 123.71% and total cumulative return in cash totals $107,035.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,988/mo property income versus a $1,277/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1919
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50311, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,741 (100%) |
| Owner Occupied HU | 3,326 (49.3%) |
| Renter Occupied HU | 2,882 (42.8%) |
| Vacant Housing Units | 533 ( 7.9%) |
| Median Home Value | $257,277 |
| Average Home Value | $278,646 |
Housing Distribution
Address Breakdown
Residential
5,825
Single Family
4,742
Multi-Family
1,083
Businesses
274
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Listed by: Molly Thornton • RE/MAX Precision
Mls Name: DMMLS
Mls Provider:
Mls ID: #713448
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.