3330 University AveDes MoinesIA50311
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
Investment Highlights
Rental property for sale in Des Moines at 3330 University Ave, Des Moines, IA, 50311 priced at $729,999 pairs $2,311/mo rent with after a $3,573/mo payment. Total monthly income equals $2,311/mo. Return on cash invested is -0.4% in year one, and rental yield stands at 3.8% on a $729,999 basis. Equity gained on principal adds $4,711/yr, and 5% annual appreciation accumulates to $201,685 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $2,311/mo property income against a $3,573/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 2017
0.53 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jon Niemeyer • EXIT Realty & Associates
Mls Name: DMMLS
Mls Provider:
Mls ID: #709677
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.