3510 Wolcott AveDes MoinesIA50321
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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 3510 Wolcott Ave, Des Moines, IA, 50321 uses $132,567 cash to close to unlock $2,398/yr annual cash flow and $200/mo monthly cash flow. Total monthly income runs $2,862/mo, and a $1,957/mo payment keeps the spread at $200/mo. Purchase price stands at $399,900, and rental yield measures 8.59% with $2,862/mo rent. Return on cash invested shows 21.72% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 113.15% and total cumulative return in cash records $149,996. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,862/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 1982
10,018 sqft lot
$N/A/sqft
No HOA
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Listed by: Nora Crosthwaite • Realty ONE Group Impact
Mls Name: DMMLS
Mls Provider:
Mls ID: #719661
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