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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% |
Rental property for sale in Des Moines at 3663 Grand Ave UNIT 404, Des Moines, IA, 50312 generates $1,292/mo in rent, after a $925/mo payment. Total monthly income is $1,292/mo. Return on cash invested sits at -1.77% in year one, and rental yield is 8.2% on a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation builds toward $52,217 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,292/mo property income rather than buyer’s personal income.
Condo
Built in 1963
N/A lot
$N/A/sqft
$1,195 monthly HOA
Neighborhood data shown for ZIP Code: 50312, Des Moines, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,317 (100%) |
| Owner Occupied HU | 4,524 (54.4%) |
| Renter Occupied HU | 3,187 (38.3%) |
| Vacant Housing Units | 606 ( 7.3%) |
| Median Home Value | $380,171 |
| Average Home Value | $451,211 |
Residential
7,800
Single Family
4,803
Multi-Family
2,997
Businesses
458
Date | Event | Price |
|---|---|---|
| 2025-01-08 | Listed for sale | $189,000 |
| 2024-12-18 | Listing removed | $189,000 |
| 2024-10-13 | Price change | $189,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-27 | $2888.00 | 0.84% | $146,400 | 11.42% |
| 2022-01-27 | $2864.00 | 1.49% | $131,400 | N/A |
| 2021-01-27 | $2822.00 | -3.55% | $131,400 | 7.97% |
Listed by: Ann Conover • Keller Williams Realty GDM
Mls Name: DMMLS
Mls Provider:
Mls ID: #709830
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.
