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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% |
Investment property for sale in Des Moines at 4032 E 23rd St, Des Moines, IA, 50317 offers a 9.4% rental yield on a $246,500 purchase with $1,931/mo rent. Total monthly income registers $1,931/mo, and a $1,206/mo payment leaves $331/mo available for distribution. Annual cash flow reaches $3,967/yr on $81,715 to close, and return on cash invested stands at 24.76% in year one. Equity gained on principal adds $1,591/yr while 5% annual appreciation supports $68,103 over five years. Portfolio math shows five-year ROI at 129.31% and total cumulative return in cash at $105,663. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,931/mo property income against a $1,206/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
8,668 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50317, Des Moines, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,159 (100%) |
| Owner Occupied HU | 10,616 (65.7%) |
| Renter Occupied HU | 4,615 (28.6%) |
| Vacant Housing Units | 928 ( 5.7%) |
| Median Home Value | $194,343 |
| Average Home Value | $254,761 |
Residential
15,138
Single Family
14,021
Multi-Family
1,117
Businesses
755
Date | Event | Price |
|---|---|---|
| 2025-12-12 | Listing removed | $250,000 |
| 2025-10-31 | Listed for sale | $250,000 |
| 2008-05-19 | Sold | $129,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-19 | $3402.00 | 3.28% | $183,400 | N/A |
| 2023-12-19 | $3294.00 | 0.86% | $183,400 | 23.42% |
| 2022-12-19 | $3266.00 | 2.00% | $148,600 | N/A |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
