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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Des Moines at 3504 56th St, Des Moines, IA, 50310 generates $1,482/mo in rent, after a $1,138/mo payment. Total monthly income is $1,482/mo. Return on cash invested sits at 19.47% in year one, and rental yield is 7.65% on a $232,500 entry. Equity gained on principal adds $1,500/yr, while 5% annual appreciation builds toward $64,235 over five years. Five-year ROI reaches 100.91% and total cumulative return in cash sums $77,772. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,482/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50310, Des Moines, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,226 (100%) |
| Owner Occupied HU | 9,081 (63.8%) |
| Renter Occupied HU | 4,361 (30.7%) |
| Vacant Housing Units | 784 ( 5.5%) |
| Median Home Value | $237,952 |
| Average Home Value | $269,365 |
Residential
13,690
Single Family
11,750
Multi-Family
1,940
Businesses
755
Date | Event | Price |
|---|---|---|
| 2025-08-06 | Sold | $232,500 |
| 2025-07-17 | Pending sale | $235,000 |
| 2025-07-15 | Listed for sale | $235,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-18 | $3358.00 | -1.12% | $181,200 | N/A |
| 2023-10-18 | $3396.00 | 0.83% | $181,200 | 18.43% |
| 2022-10-18 | $3368.00 | -3.97% | $153,000 | N/A |
Listed by: Kathy Millikan • Realty ONE Group Impact
Mls Name: DMMLS
Mls Provider:
Mls ID: #722267
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.
