512 Morton AveDes MoinesIA50313
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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 512 Morton Ave, Des Moines, IA, 50313 priced at $109,900 pairs $876/mo rent with $162/mo cash flow after a $538/mo payment. Total monthly income equals $876/mo, and annual cash flow comes to $1,946/yr on $36,432 invested. Return on cash invested is 25.25% in year one, and rental yield stands at 9.57% on a $109,900 basis. Equity gained on principal adds $709/yr, and 5% annual appreciation accumulates to $30,363 by year five. Five-year ROI measures 131.99% and total cumulative return in cash reaches $48,088. For financing, Ziffy Mortgage’s DSCR program evaluates $876/mo property income against a $538/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1942
7,056 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
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Listed by: Collin Coy • Realty ONE Group Impact
Mls Name: DMMLS
Mls ID: #731687