3507 Bowdoin St, Des Moines, IA, 50313 | $390/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3507 Bowdoin St, Des Moines, IA, 50313 | $390/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Des Moines at 3507 Bowdoin St, Des Moines, IA, 50313 uses $56,024 cash to close to unlock $4,675/yr annual cash flow and $390/mo monthly cash flow. Total monthly income runs $1,487/mo, and a $827/mo payment keeps the spread at $390/mo. Purchase price stands at $169,000, and rental yield measures 10.56% with $1,487/mo rent. Return on cash invested shows 28.25% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 148.02% and total cumulative return in cash records $82,927. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,487/mo property income covering a $827/mo payment rather than investor’s personal income.

Single Family

Built in 1915

6,664 sqft lot

$N/A/sqft

No HOA

More details about the property

Fall in love with this adorable 2-bedroom, 1-bath home with a bonus flex room; perfect for a 3rd bedroom, office, or hobby space! Nestled in the Des Moines Highland Park area, this bungalow blends vintage charm with thoughtful updates. Enjoy hardwood floors, formal dining room and a bright kitchen featuring rollout shelves, thoughtful storage, a brand-new stove, and a reverse osmosis water filtration system at the sink. The sunny 3-season porch is an inviting spot to sip morning coffee or unwind in the evening. Enjoy convenient main-level laundry with a stacked washer and dryer (additional hookups available in the lower level if preferred). The finished area in the basement offers additional flex space for a second living area or rec room; plenty of space for both a pool table and lounge area. In addition, there is a workbench and plenty of storage. Major updates include a new roof in 2024 and water heater in 2022 for peace of mind. The 1.5-car garage provides extra room for bikes, tools, or storage, and the fully fenced yard and patio is perfect for pets and outdoor enjoyment. Home warranty included, making this home move-in ready and worry-free. The one youve been waiting for; schedule your showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 50313, Des Moines, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,209 (100%)
Owner Occupied HU	5,002 (69.4%)
Renter Occupied HU	1,759 (24.4%)
Vacant Housing Units	448 ( 6.2%)
Median Home Value	$198,048
Average Home Value	$285,555