450 7th St #209Des MoinesIA50309
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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
Total monthly income runs $1,904/mo, and a $1,711/mo payment. Purchase price stands at $349,500, and rental yield measures 6.54% with $1,904/mo rent. Return on cash invested shows 15.76% in year one, and 5% annual appreciation builds toward $96,560 over five years. Five-year ROI reaches 81.15% and total cumulative return in cash records $94,021. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,904/mo property income covering a $1,711/mo payment rather than investor’s personal income.
Condo
Built in 2019
871.20 sqft lot
$N/A/sqft
$408 annually HOA
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Listed by: Mike Jenkins • Weichert, Realtors-Miller & Clark Agency
Mls Name: CIBR
Mls Provider:
Mls ID: #66976
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not accurate.