515 E Dunham AveDes 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
Investment property for sale in Des Moines at 515 E Dunham Ave, Des Moines, IA, 50315 uses $51,383 cash to close to unlock $4,896/yr annual cash flow and $408/mo monthly cash flow. Total monthly income runs $1,415/mo, and a $759/mo payment keeps the spread at $408/mo. Purchase price stands at $155,000, and rental yield measures 10.95% with $1,415/mo rent. Return on cash invested shows 29.44% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 154.36% and total cumulative return in cash records $79,312. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,415/mo property income covering a $759/mo payment rather than investor’s personal income.
Single Family
Built in 1955
6,751 sqft lot
$N/A/sqft
No HOA
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Listed by: Karla Alaniz • Keller Williams Realty GDM
Mls Name: DMMLS
Mls Provider:
Mls ID: #705483
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