450 SW 7th St #101Des 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
Investment property for sale in Des Moines at 450 SW 7th St #101, Des Moines, IA, 50309 offers a 10.84% rental yield on a $244,500 purchase with $2,209/mo rent. Total monthly income registers $2,209/mo, and a $1,197/mo payment leaves $234/mo available for distribution. Annual cash flow reaches $2,806/yr on $81,052 to close, and return on cash invested stands at 23.37% in year one. Equity gained on principal adds $1,578/yr while 5% annual appreciation supports $67,551 over five years. Portfolio math shows five-year ROI at 123.88% and total cumulative return in cash at $100,403. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,209/mo property income against a $1,197/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2019
914.76 sqft lot
$N/A/sqft
$387 monthly HOA
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Listed by: Julie Moore • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #700402
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