4425 Mills Civic Pkwy UNIT 803West 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 803, West Des Moines, IA, 50265 uses $72,267 cash to close to unlock $2,150/yr annual cash flow and $179/mo monthly cash flow. Total monthly income runs $1,895/mo, and a $1,067/mo payment keeps the spread at $179/mo. Purchase price stands at $218,000, and rental yield measures 10.43% with $1,895/mo rent. Return on cash invested shows 22.88% in year one, and 5% annual appreciation builds toward $60,229 over five years. Five-year ROI reaches 121.06% and total cumulative return in cash records $87,487. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,895/mo property income covering a $1,067/mo payment rather than investor’s personal income.
Condo
Built in 1999
1,350 sqft lot
$N/A/sqft
$300 monthly 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: Stephanie Wright • RE/MAX Precision
Mls Name: DMMLS
Mls Provider:
Mls ID: #719825
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.