3948 12th StDes MoinesIA50313
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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
Investment Highlights
Investment property for sale in Des Moines at 3948 12th St, Des Moines, IA, 50313 offers a 8.29% rental yield on a $191,000 purchase with $1,320/mo rent. Total monthly income registers $1,320/mo, and a $935/mo payment leaves $79/mo available for distribution. Annual cash flow reaches $953/yr on $63,317 to close, and return on cash invested stands at 21.41% in year one. Equity gained on principal adds $1,232/yr while 5% annual appreciation supports $52,770 over five years. Portfolio math shows five-year ROI at 111.37% and total cumulative return in cash at $70,514. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,320/mo property income against a $935/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1916
6,621 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50313, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,209 (100%) |
| Owner Occupied HU | 5,002 (69.4%) |
| Renter Occupied HU | 1,759 (24.4%) |
| Vacant Housing Units | 448 ( 6.2%) |
| Median Home Value | $198,048 |
| Average Home Value | $285,555 |
Housing Distribution
Address Breakdown
Residential
6,888
Single Family
6,411
Multi-Family
477
Businesses
945
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Listed by: Matt Young • Agency Iowa
Mls Name: DMMLS
Mls Provider:
Mls ID: #714589
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.