3513 Kingman BlvdDes MoinesIA50311
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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 3513 Kingman Blvd, Des Moines, IA, 50311 priced at $292,000 converts $2,506/mo rent into $610/mo cash flow after a $1,429/mo obligation. Total monthly income equals $2,506/mo, and annual cash flow totals $7,318/yr on $96,798 invested. Return on cash invested prints 27.47% in year one, and rental yield reads 10.3% against a $292,000 entry. Equity gained on principal adds $1,884/yr, while 5% annual appreciation compiles into $80,674 by year five. Five-year ROI reaches 143.78% and total cumulative return in cash sums $139,172. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,506/mo property income covering a $1,429/mo payment, not borrower’s personal income.
Single Family
Built in 1915
4,007 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50311, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,741 (100%) |
| Owner Occupied HU | 3,326 (49.3%) |
| Renter Occupied HU | 2,882 (42.8%) |
| Vacant Housing Units | 533 ( 7.9%) |
| Median Home Value | $257,277 |
| Average Home Value | $278,646 |
Housing Distribution
Address Breakdown
Residential
5,825
Single Family
4,742
Multi-Family
1,083
Businesses
274
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Listed by: Medina, Genesis • Uplift Realty
Mls Name: DMMLS
Mls Provider:
Mls ID: #712727
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.