335 Forest Ave #23Des MoinesIA50314
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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 335 Forest Ave #23, Des Moines, IA, 50314 offers a 11.28% rental yield on a $295,000 purchase with $2,774/mo rent. Total monthly income registers $2,774/mo, and a $1,444/mo payment leaves $778/mo available for distribution. Annual cash flow reaches $9,336/yr on $97,793 to close, and return on cash invested stands at 29.46% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 154.79% and total cumulative return in cash at $151,370. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,774/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2023
1,350 sqft lot
$N/A/sqft
$80 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50314, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,989 (100%) |
| Owner Occupied HU | 1,688 (33.8%) |
| Renter Occupied HU | 2,661 (53.3%) |
| Vacant Housing Units | 640 (12.8%) |
| Median Home Value | $168,263 |
| Average Home Value | $200,574 |
Housing Distribution
Address Breakdown
Residential
4,535
Single Family
3,252
Multi-Family
1,283
Businesses
370
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Listed by: HAIM NAGGAR • BHHS First Realty Westown
Mls Name: DMMLS
Mls Provider:
Mls ID: #716883
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.