4902 University Ave APT 220, Des Moines, IA, 50311 | $175/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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4902 University Ave APT 220, Des Moines, IA, 50311 | $175/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Des Moines at 4902 University Ave APT 220, Des Moines, IA, 50311 listed at $147,000 pairs $1,129/mo rent with a $719/mo payment to leave $175/mo cash flow. Total monthly income runs $1,129/mo, and annual cash flow reaches $2,098/yr on $48,731 cash to close. Return on cash invested measures 24.21% in year one, and rental yield registers 9.22% at a $147,000 basis. Equity gained on principal adds $949/yr, and annual property appreciation at 5% supports $40,613 by year five. Five-year ROI tracks 126.35% and total cumulative return in cash totals $61,572. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,129/mo property income relative to a $719/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1970

N/A lot

$N/A/sqft

No HOA

More details about the property

Stylish and updated condo in the heart of Waveland Park, offering scenic views of the Waveland Golf Course. This spacious 2-bedroom, 2-bath unit features a unique sunken living room, open-concept layout, and convenient in-unit laundry. Enjoy the perks of a community pool, perfect for relaxing in the warmer months. HOA dues cover heat, water, trash, snow removal, and general upkeep, making for truly low-maintenance living. Tucked into a prime location with quick access to I-235, downtown, and local shops and restaurants. Whether you're looking for a comfortable home or a low-stress lifestyle, this condo checks all the boxes. Schedule your showing today! All information obtained from seller and public records.

Neighborhood Data

Neighborhood data shown for ZIP Code: 50311, Des Moines, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,741 (100%)
Owner Occupied HU	3,326 (49.3%)
Renter Occupied HU	2,882 (42.8%)
Vacant Housing Units	533 ( 7.9%)
Median Home Value	$257,277
Average Home Value	$278,646