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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Des Moines at 3623 Wright St, Des Moines, IA, 50316 listed at $172,000 pairs $1,428/mo rent with a $842/mo payment to leave $311/mo cash flow. Total monthly income runs $1,428/mo, and annual cash flow reaches $3,730/yr on $57,018 cash to close. Return on cash invested measures 26.45% in year one, and rental yield registers 9.96% at a $172,000 basis. Equity gained on principal adds $1,110/yr, and annual property appreciation at 5% supports $47,520 by year five. Five-year ROI tracks 138.34% and total cumulative return in cash totals $78,877. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,428/mo property income relative to a $842/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
6,198 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50316, Des Moines, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,465 (100%) |
| Owner Occupied HU | 3,346 (51.8%) |
| Renter Occupied HU | 2,621 (40.5%) |
| Vacant Housing Units | 498 ( 7.7%) |
| Median Home Value | $150,369 |
| Average Home Value | $226,314 |
Residential
5,910
Single Family
4,964
Multi-Family
946
Businesses
468
Date | Event | Price |
|---|---|---|
| 2025-07-03 | Listed for sale | $172,000 |
| 2025-04-04 | Sold | $134,000 |
| 2025-02-03 | Pending sale | $140,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-08 | $2314.00 | 8.95% | $128,100 | N/A |
| 2023-07-08 | $2124.00 | 0.85% | $128,100 | 29.39% |
| 2022-07-08 | $2106.00 | 6.80% | $99,000 | N/A |
Listed by: Kweku Tailey • RE/MAX Revolution
Mls Name: DMMLS
Mls Provider:
Mls ID: #721627
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.
