4602 Wakonda PkwyDes MoinesIA50315
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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
Rental property for sale in Des Moines at 4602 Wakonda Pkwy, Des Moines, IA, 50315 generates $2,239/mo in rent and, after a $1,224/mo payment, leaves $615/mo in cash flow. Total monthly income is $2,239/mo, and annual cash flow is $7,380/yr on $82,875 invested. Return on cash invested sits at 28.81% in year one, and rental yield is 10.75% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 150.96% and total cumulative return in cash sums $125,110. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,239/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
9,016 sqft lot
$N/A/sqft
No HOA
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Listed by: Collin Coy • Realty ONE Group Impact
Mls Name: DMMLS
Mls Provider:
Mls ID: #720257
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.