508 W Des Moines StBrooklynIA52211
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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 Brooklyn at 508 W Des Moines St, Brooklyn, IA, 52211 uses $58,974 cash to close to unlock $5,567/yr annual cash flow and $464/mo monthly cash flow. Total monthly income runs $1,620/mo, and a $871/mo payment keeps the spread at $464/mo. Purchase price stands at $177,900, and rental yield measures 10.93% with $1,620/mo rent. Return on cash invested shows 29.35% in year one, and 5% annual appreciation builds toward $49,150 over five years. Five-year ROI reaches 153.86% and total cumulative return in cash records $90,737. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,620/mo property income covering a $871/mo payment rather than investor’s personal income.
Single Family
Built in 1951
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52211, Brooklyn, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,553 (100%) |
| Owner Occupied HU | 896 (57.7%) |
| Renter Occupied HU | 225 (14.5%) |
| Vacant Housing Units | 432 (27.8%) |
| Median Home Value | $211,667 |
| Average Home Value | $246,032 |
Housing Distribution
Address Breakdown
Residential
1,054
Single Family
1,054
Multi-Family
0
Businesses
83
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Listed by: Marie Hedlund • Patriot Realty
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6316485
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.