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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 421 42nd St APT 4, Des Moines, IA, 50312 uses $43,062 cash to close to unlock $1,298/yr annual cash flow and $108/mo monthly cash flow. Total monthly income runs $1,292/mo, and a $636/mo payment keeps the spread at $108/mo. Purchase price stands at $129,900, and rental yield measures 11.94% with $1,292/mo rent. Return on cash invested shows 22.92% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 122.94% and total cumulative return in cash records $52,939. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,292/mo property income covering a $636/mo payment rather than investor’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
$340 monthly HOA
Neighborhood data shown for ZIP Code: 50312, Des Moines, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,317 (100%) |
| Owner Occupied HU | 4,524 (54.4%) |
| Renter Occupied HU | 3,187 (38.3%) |
| Vacant Housing Units | 606 ( 7.3%) |
| Median Home Value | $380,171 |
| Average Home Value | $451,211 |
Residential
7,800
Single Family
4,803
Multi-Family
2,997
Businesses
458
Date | Event | Price |
|---|---|---|
| 2024-08-14 | Listed for sale | $129,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $1974.00 | 0.71% | $93,400 | 11.46% |
| 2022-10-15 | $1960.00 | 1.24% | $83,800 | N/A |
| 2021-10-15 | $1936.00 | -3.78% | $83,800 | 7.99% |
Listed by: Rose Green • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #700972
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.
