507 E Locust St Unit 210Des 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
Rental property for sale in Des Moines at 507 E Locust St Unit 210, Des Moines, IA, 50309 generates $1,478/mo in rent, after a $1,713/mo payment. Total monthly income is $1,478/mo. Return on cash invested sits at 7.22% in year one, and rental yield is 5.07% on a $349,999 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,698 over five years. Five-year ROI reaches 36.8% and total cumulative return in cash sums $42,698. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,478/mo property income rather than buyer’s personal income.
Townhouse
Built in 1900
N/A lot
$N/A/sqft
$428 monthly HOA
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Listed by: Misty Darling • BH&G Real Estate Innovations
Mls Name: DMMLS
Mls Provider:
Mls ID: #733276
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