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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 3701 Wright St, Des Moines, IA, 50316 priced at $184,900 pairs $1,500/mo rent with $299/mo cash flow after a $905/mo payment. Total monthly income equals $1,500/mo, and annual cash flow comes to $3,590/yr on $61,294 invested. Return on cash invested is 25.77% in year one, and rental yield stands at 9.73% on a $184,900 basis. Equity gained on principal adds $1,193/yr, and 5% annual appreciation accumulates to $51,084 by year five. Five-year ROI measures 134.71% and total cumulative return in cash reaches $82,567. For financing, Ziffy Mortgage’s DSCR program evaluates $1,500/mo property income against a $905/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1941
6,185 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 |
|---|---|---|
| 2025-07-07 | Price change | $184,900 |
| 2024-10-28 | Listed for sale | $180,000 |
| 2024-10-22 | Listing removed | $180,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-09 | $2224.00 | 7.65% | $123,500 | N/A |
| 2023-07-09 | $2066.00 | 0.88% | $123,500 | 27.98% |
| 2022-07-09 | $2048.00 | 7.11% | $96,500 | N/A |
Listed by: Andrew Springer • RE/MAX Precision
Mls Name: DMMLS
Mls Provider:
Mls ID: #721709
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.
