509 Philip StDes MoinesIA50315
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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 509 Philip St, Des Moines, IA, 50315 priced at $125,000 pairs $994/mo rent with $182/mo cash flow after a $612/mo payment. Total monthly income equals $994/mo, and annual cash flow comes to $2,184/yr on $41,438 invested. Return on cash invested is 25.18% in year one, and rental yield stands at 9.54% on a $125,000 basis. Equity gained on principal adds $807/yr, and 5% annual appreciation accumulates to $34,535 by year five. Five-year ROI measures 131.52% and total cumulative return in cash reaches $54,497. For financing, Ziffy Mortgage’s DSCR program evaluates $994/mo property income against a $612/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
6,926 sqft lot
$N/A/sqft
No HOA
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Listed by: Muilenburg, Rita • LPT Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #713700
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.