4047 E University AveDes MoinesIA50317
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 4047 E University Ave, Des Moines, IA, 50317 uses $42,067 cash to close to unlock $1,656/yr annual cash flow and $138/mo monthly cash flow. Total monthly income runs $962/mo, and a $621/mo payment keeps the spread at $138/mo. Purchase price stands at $126,900, and rental yield measures 9.1% with $962/mo rent. Return on cash invested shows 23.84% in year one, and 5% annual appreciation builds toward $35,060 over five years. Five-year ROI reaches 124.38% and total cumulative return in cash records $52,321. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $962/mo property income covering a $621/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50317, Des Moines, IA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
15,138
Single Family
14,021
Multi-Family
1,117
Businesses
755
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephanie Thomas • RE/MAX Concepts
Mls Name: DMMLS
Mls ID: #721425