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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in West Des Moines at 515 S Quartz Way, West Des Moines, IA, 50266 priced at $321,300 converts $2,668/mo rent into $577/mo cash flow after a $1,573/mo obligation. Total monthly income equals $2,668/mo, and annual cash flow totals $6,929/yr on $106,511 invested. Return on cash invested prints 26.41% in year one, and rental yield reads 9.96% against a $321,300 entry. Equity gained on principal adds $2,073/yr, while 5% annual appreciation compiles into $88,769 by year five. Five-year ROI reaches 138.16% and total cumulative return in cash sums $147,159. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,668/mo property income covering a $1,573/mo payment, not borrower’s personal income.
Single Family
Built in 2020
4,443 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50266, West Des Moines, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,158 (100%) |
| Owner Occupied HU | 9,448 (46.9%) |
| Renter Occupied HU | 8,717 (43.2%) |
| Vacant Housing Units | 1,993 ( 9.9%) |
| Median Home Value | $398,812 |
| Average Home Value | $442,652 |
Residential
19,201
Single Family
11,911
Multi-Family
7,290
Businesses
1,810
Date | Event | Price |
|---|---|---|
| 2025-07-06 | Listing removed | $359,900 |
| 2025-05-12 | Price change | $359,900 |
| 2025-02-25 | Price change | $369,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-19 | $4926.00 | -10.40% | $321,300 | N/A |
| 2023-10-19 | $5498.00 | 1.22% | $321,300 | 12.86% |
| 2022-10-19 | $5432.00 | 3095.29% | $284,700 | N/A |
Listed by: N/A • N/A
Mls Name: Iowa Realty
Mls Provider:
Mls ID: #703440
