4425 Mills Civic Pkwy UNIT 1102West Des MoinesIA50265
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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 West Des Moines at 4425 Mills Civic Pkwy UNIT 1102, West Des Moines, IA, 50265 offers a 9.7% rental yield on a $239,900 purchase with $1,939/mo rent. Total monthly income registers $1,939/mo, and a $1,174/mo payment leaves $381/mo available for distribution. Annual cash flow reaches $4,574/yr on $79,527 to close, and return on cash invested stands at 25.66% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 134.14% and total cumulative return in cash at $106,675. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,939/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1999
1,350 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50265, West Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,157 (100%) |
| Owner Occupied HU | 9,392 (62.0%) |
| Renter Occupied HU | 4,929 (32.5%) |
| Vacant Housing Units | 836 ( 5.5%) |
| Median Home Value | $310,899 |
| Average Home Value | $379,482 |
Housing Distribution
Address Breakdown
Residential
15,049
Single Family
11,438
Multi-Family
3,611
Businesses
1,103
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Listed by: Joe Paletta • EXP Realty, LLC
Mls Name: DMMLS
Mls ID: #722606