507 E Locust St UNIT 301Des 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 507 E Locust St UNIT 301, Des Moines, IA, 50309 earns from $1,199/mo rent with a $857/mo payment. Total monthly income totals $1,199/mo. ROI tracks 15.65% on current figures, and rental yield reads 8.22% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 82.48% and total cumulative return in cash sums $47,851. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,199/mo property income instead of your personal income.
Condo
Built in 1883
N/A lot
$N/A/sqft
$234 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Lisa Howard • LPT Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #717942
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.