4345 Grand Ave APT 1Des MoinesIA50312
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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 4345 Grand Ave APT 1, Des Moines, IA, 50312 earns $424/mo cash flow from $1,463/mo rent with a $783/mo payment. Total monthly income totals $1,463/mo, and annual cash flow totals $5,090/yr on $53,007 capital. ROI tracks 29.51% on current figures, and rental yield reads 10.98% at a $159,900 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,177 over five years. Five-year ROI reaches 154.81% and total cumulative return in cash sums $82,062. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,463/mo property income instead of your personal income.
Condo
Built in 1929
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,800
Single Family
4,803
Multi-Family
2,997
Businesses
458
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Listed by: Nancy Learned • Associated Realty
Mls Name: DMMLS
Mls ID: #724886