3607 50th StDes 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 3607 50th St, Des Moines, IA, 50310 listed at $242,500 pairs $2,005/mo rent with a $1,187/mo payment to leave $430/mo cash flow. Total monthly income runs $2,005/mo, and annual cash flow reaches $5,160/yr on $80,389 cash to close. Return on cash invested measures 26.33% in year one, and rental yield registers 9.92% at a $242,500 basis. Equity gained on principal adds $1,565/yr, and annual property appreciation at 5% supports $66,998 by year five. Five-year ROI tracks 137.66% and total cumulative return in cash totals $110,659. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,005/mo property income relative to a $1,187/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1918
0.45 Acres 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: Chase VanLoon • LPT Realty, LLC
Mls Name: DMMLS
Mls ID: #731843