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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 3823 University Ave, Des Moines, IA, 50311 priced at $174,900 converts $1,658/mo rent into $449/mo cash flow after a $856/mo obligation. Total monthly income equals $1,658/mo, and annual cash flow totals $5,390/yr on $57,979 invested. Return on cash invested prints 29.2% in year one, and rental yield reads 11.38% against a $174,900 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,322 by year five. Five-year ROI reaches 153.72% and total cumulative return in cash sums $89,124. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,658/mo property income covering a $856/mo payment, not borrower’s personal income.
Multi Family
Built in 1920
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50311, Des Moines, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,741 (100%) |
| Owner Occupied HU | 3,326 (49.3%) |
| Renter Occupied HU | 2,882 (42.8%) |
| Vacant Housing Units | 533 ( 7.9%) |
| Median Home Value | $257,277 |
| Average Home Value | $278,646 |
Residential
5,825
Single Family
4,742
Multi-Family
1,083
Businesses
274
Date | Event | Price |
|---|---|---|
| 2025-03-05 | Listed for sale | $174,900 |
| 2025-03-05 | Listing removed | $174,900 |
| 2025-02-18 | Price change | $174,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-11 | $3534.00 | 0.86% | $187,900 | 18.32% |
| 2022-03-11 | $3504.00 | 3.85% | $158,800 | N/A |
| 2021-03-11 | $3374.00 | -3.60% | $158,800 | 10.43% |
Listed by: Cy Phillips • Space Simply
Mls Name: DMMLS
Mls Provider:
Mls ID: #712922
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.
