4323 Grand Ave APT 216, Des Moines, IA, 50312 | $91/mo Cash Flow

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4323 Grand Ave APT 216, Des Moines, IA, 50312 | $91/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Des Moines at 4323 Grand Ave APT 216, Des Moines, IA, 50312 offers a 8.38% rental yield on a $185,000 purchase with $1,292/mo rent. Total monthly income registers $1,292/mo, and a $905/mo payment leaves $91/mo available for distribution. Annual cash flow reaches $1,092/yr on $61,328 to close, and return on cash invested stands at 21.69% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 112.77% and total cumulative return in cash at $69,159. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,292/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1978

N/A lot

$N/A/sqft

No HOA

More details about the property

Experience refined living at the highly sought-after 4323 Grand Avenue Condominiums. This elegant 2-bedroom, 2-bath residence blends comfort and convenience with a central location along one of Des Moines most beautiful stretches of Grand Avenue. The spacious floor plan features an inviting living and dining area designed for both relaxation and entertaining. A highlight of this home is the three-season room overlooking mature trees, a serene retreat perfect for morning coffee or unwinding at the end of the day. The primary suite includes a private 3/4 bath, while a generously sized second bedroom with an attached full bath offers flexibility for a use as a guest room, den, or home office. This secure building provides peace of mind with controlled access and elevator service. Additional storage and your own climate-controlled, indoor, secure parking space is includedan added luxury for year-round comfort. Located just minutes from downtown, popular bike trails, Ingersoll dining, and shopping, this condo offers the perfect balance of quiet retreat and city convenience.

Neighborhood Data

Neighborhood data shown for ZIP Code: 50312, Des Moines, IA area.

Housing Distribution

Housing Statistics

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