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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% |
Investment property for sale in West Des Moines at 5487 Flagstone Way, West Des Moines, IA, 50266 offers a 10.42% rental yield on a $360,000 purchase with $3,126/mo rent. Total monthly income registers $3,126/mo, and a $1,762/mo payment leaves $705/mo available for distribution. Annual cash flow reaches $8,460/yr on $119,340 to close, and return on cash invested stands at 27% in year one. Equity gained on principal adds $2,323/yr while 5% annual appreciation supports $99,461 over five years. Portfolio math shows five-year ROI at 141.55% and total cumulative return in cash at $168,921. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,126/mo property income against a $1,762/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2014
3,136 sqft lot
$N/A/sqft
$83 monthly 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 |
|---|---|---|
| 2025-03-14 | Listed for sale | $360,000 |
| 2016-12-29 | Sold | $285,000 |
| 2016-10-06 | Price change | $299,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-19 | $5460.00 | 1.22% | $326,800 | 12.07% |
| 2022-03-19 | $5394.00 | -4.63% | $291,600 | N/A |
| 2021-03-19 | $5656.00 | 1.62% | $291,600 | 0.34% |
Listed by: Cary Claiborne • Iowa Realty Ankeny
Mls Name: DMMLS
Mls Provider:
Mls ID: #713483
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.
