400 E Locust St UNIT 302Des MoinesIA50309
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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 400 E Locust St UNIT 302, Des Moines, IA, 50309 listed at $159,700 pairs $1,304/mo rent with a $782/mo payment. Total monthly income runs $1,304/mo. Return on cash invested measures 11.38% in year one, and rental yield registers 9.8% at a $159,700 basis. Equity gained on principal adds $1,031/yr, and annual property appreciation at 5% supports $44,122 by year five. Five-year ROI tracks 62.82% and total cumulative return in cash totals $33,255. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,304/mo property income relative to a $782/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
N/A lot
$N/A/sqft
$598 monthly HOA
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Listed by: Bo Cosens • RE/MAX Precision
Mls Name: DMMLS
Mls Provider:
Mls ID: #705564
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.