3930 Grand Ave APT 308, Des Moines, IA, 50312 | 5% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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3930 Grand Ave APT 308, Des Moines, IA, 50312 | 5% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Des Moines at 3930 Grand Ave APT 308, Des Moines, IA, 50312 earns from $1,292/mo rent with a $1,517/mo payment. Total monthly income totals $1,292/mo. ROI tracks 11.49% on current figures, and rental yield reads 5% at a $309,900 purchase. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,620 over five years. Five-year ROI reaches 58.12% and total cumulative return in cash sums $59,712. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,292/mo property income instead of your personal income.

Condo

Built in 1979

N/A lot

$N/A/sqft

No HOA

More details about the property

Your chance to own a condo in the iconic Barbican building of Des Moines! Easy living in this pristinely kept condo with community pool, community room, gorgeous green space, extra storage, and covered parking! Entering into the condo, you'll appreciate beautiful new LVP flooring! Living room is spacious and bright with large windows overlooking green space behind the building and access to covered balcony! Continue into large primary bedroom, with additional access to balcony, new LVP flooring, and attached bathroom with walk-in closet, double vanities, and private toilet/shower room. Off living room you'll find kitchen with painted cabinets, unique retro appliances, and eat-in space with large window! Opposite the kitchen is a laundry room with extra cabinet storage and utility sink! Finishing off the condo is the 2nd bedroom with spacious closet and en-suite full bathroom! So much to love in this condo and the Barbican buildings! Extra storage locker, 1 parking spot with storage above, and so many amenities to appreciate with underground walk-way to gym, pool, and community room in the high rise - you don't even have to step outside! So close to all of the attractions, restaurants, and more on Grand & Ingersoll Avenues and quick access to I-235 to get you anywhere else in the metro! Come see today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 50312, Des Moines, IA area.

Housing Distribution

Housing Statistics

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