528 2nd Ave UNIT 307, Des Moines, IA, 50309 | $500/mo Cash Flow

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528 2nd Ave UNIT 307, Des Moines, IA, 50309 | $500/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Des Moines at 528 2nd Ave UNIT 307, Des Moines, IA, 50309 offers a 9.56% rental yield on a $339,000 purchase with $2,701/mo rent. Total monthly income registers $2,701/mo, and a $1,659/mo payment leaves $500/mo available for distribution. Annual cash flow reaches $5,995/yr on $112,379 to close, and return on cash invested stands at 25.24% in year one. Equity gained on principal adds $2,188/yr while 5% annual appreciation supports $93,659 over five years. Portfolio math shows five-year ROI at 131.86% and total cumulative return in cash at $148,180. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,701/mo property income against a $1,659/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2011

1,045 sqft lot

$N/A/sqft

No HOA

More details about the property

HERE'S A PERFECT OPPORTUNITY to live in downtown Des Moines. Buyer's Agents welcome! You'll be in the heart of the city within walking distance to the East Village shopping, dining and entertainment district and you'll love the views from your roof-top patio. When you step inside you'll discover a wide open living area that includes a spacious living room, an open dining space, and the perfect kitchen. It's great for entertaining or just relaxing with your family. You'll love the beautiful wood laminate flooring and the dining area has room to host family and friends. The kitchen boasts granite countertops, there's a pantry, and you'll appreciate the convenient peninsula-style breakfast bar. The stainless steel appliances are included. This level also includes a half bath and an exit to the attached 2-car garage. You'll find the carpeted primary bedroom on the upper level. It includes a tray ceiling, a walk-in closet, and an en-suite bathroom with dual sinks, a quartz vanity, and a step-in shower. The second bedroom on this floor also has a tray ceiling, a walk-in closet, and an ensuite bathroom. The laundry is on this level and the washer and dryer are included. We've saved the best for last! Up one more flight of stairs you'll discover your roof-top patio...a marvelous place to relax, party, and enjoy the outdoors. There are wonderful views in all directions! Don't miss out.