3515 Aurora AveDes MoinesIA50310
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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 3515 Aurora Ave, Des Moines, IA, 50310 earns $522/mo cash flow from $2,009/mo rent with a $1,121/mo payment. Total monthly income totals $2,009/mo, and annual cash flow totals $6,259/yr on $75,914 capital. ROI tracks 28.15% on current figures, and rental yield reads 10.53% at a $229,000 purchase. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 over five years. Five-year ROI reaches 147.46% and total cumulative return in cash sums $111,941. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,009/mo property income instead of your personal income.
Single Family
Built in 1955
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50310, Des Moines, IA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
13,690
Single Family
11,750
Multi-Family
1,940
Businesses
755
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Listed by: Dixie Cox-Grieme • Platinum Realty LLC
Mls Name: DMMLS
Mls ID: #729671