336 E Broad StDes MoinesIA50315
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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
Rental property for sale in Des Moines at 336 E Broad St, Des Moines, IA, 50315 priced at $185,000 converts $1,409/mo rent into $208/mo cash flow after a $905/mo obligation. Total monthly income equals $1,409/mo, and annual cash flow totals $2,496/yr on $61,328 invested. Return on cash invested prints 23.98% in year one, and rental yield reads 9.14% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 125.04% and total cumulative return in cash sums $76,683. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,409/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.50 Acres lot
$N/A/sqft
No HOA
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Listed by: Lindsey Crank • RE/MAX Concepts
Mls Name: DMMLS
Mls ID: #733176