4905 SW 15th St, Des Moines, IA, 50315 | 6.3% Rental Yield

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Price: $300K - 500K

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4905 SW 15th St, Des Moines, IA, 50315 | 6.3% Rental Yield | 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 4905 SW 15th St, Des Moines, IA, 50315 offers a 6.3% rental yield on a $319,900 purchase with $1,680/mo rent. 41% in year one. Equity gained on principal adds $2,064/yr while 5% annual appreciation supports $88,382 over five years. Portfolio math shows five-year ROI at 79.15% and total cumulative return in cash at $83,936. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,680/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1961

0.31 Acres lot

$N/A/sqft

No HOA

More details about the property

Step inside this completely updated home that blends mid-century modern style with today's comforts. The sleek kitchen features a stunning blue backsplash, ceiling-height soft-close cabinets, updated hardware, honed granite countertops and high-end stainless steel appliances. A vaulted wood ceiling crowns the inviting and spacious three seasons room, offering serene views of the private, fenced back yard with mature trees. The spacious primary suite w/updated bath and generous closets provides a peaceful retreat. Two additional bedrooms and updated hall bath complete the main level. The finished lower level boasts a second family room and a non-conforming fourth bedroom perfect for guests or a home office. Car enthusiasts and hobbyists will love the oversized 25 x 30 detached garage, complete with heat, cooling and 9' doors. Recent improvements include windows, flooring, roof, gutters, downspouts, hvac system, siding, exterior paint and basement waterproofing system. Whether you're hosting summer BBQ's, sipping morning coffee, or enjoying quiet evenings under the stars, the extensive outdoor spaces are ready for it all. Stylish, functional and full of character-this one you won't want to miss! All information obtained from Seller and public records.