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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 400 E Locust St UNIT 216, Des Moines, IA, 50309 generates $1,564/mo in rent, after a $783/mo payment. Total monthly income is $1,564/mo. Return on cash invested sits at 19.53% in year one, and rental yield is 11.74% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 105.73% and total cumulative return in cash sums $56,046. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,564/mo property income rather than buyer’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$542 monthly HOA
Date | Event | Price |
|---|---|---|
| 2025-06-19 | Listed for sale | $159,900 |
| 2023-04-28 | Sold | $175,000 |
| 2023-03-27 | Pending sale | $179,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-23 | $2212.00 | -14.92% | $122,900 | N/A |
| 2023-06-23 | $2600.00 | 0.78% | $122,900 | 11.42% |
| 2022-06-23 | $2580.00 | 0.31% | $110,300 | N/A |
Listed by: Stephanie Thomas • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #720662
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.
