508 E Sheridan AveDes MoinesIA50313
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 508 E Sheridan Ave, Des Moines, IA, 50313 generates $1,517/mo in rent and, after a $556/mo payment, leaves $728/mo in cash flow. Total monthly income is $1,517/mo, and annual cash flow is $8,732/yr on $37,625 invested. Return on cash invested sits at 43.12% in year one, and rental yield is 16.04% on a $113,500 entry. Equity gained on principal adds $732/yr, while 5% annual appreciation builds toward $31,358 over five years. Five-year ROI reaches 228.34% and total cumulative return in cash sums $85,914. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,517/mo property income rather than buyer’s personal income.
Single Family
Built in 1942
6,708 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50313, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,209 (100%) |
| Owner Occupied HU | 5,002 (69.4%) |
| Renter Occupied HU | 1,759 (24.4%) |
| Vacant Housing Units | 448 ( 6.2%) |
| Median Home Value | $198,048 |
| Average Home Value | $285,555 |
Housing Distribution
Address Breakdown
Residential
6,888
Single Family
6,411
Multi-Family
477
Businesses
945
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: jHo Goh • GoSynergy Realty
Mls Name: DMMLS
Mls Provider:
Mls ID: #727002
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.