5583 Meredith Dr #5CDes MoinesIA50310
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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 5583 Meredith Dr #5C, Des Moines, IA, 50310 generates $1,728/mo in rent and, after a $1,252/mo payment, leaves $67/mo in cash flow. Total monthly income is $1,728/mo, and annual cash flow is $801/yr on $84,798 invested. Return on cash invested sits at 20.85% in year one, and rental yield is 8.11% on a $255,800 entry. Equity gained on principal adds $1,651/yr, while 5% annual appreciation builds toward $70,673 over five years. Five-year ROI reaches 108.31% and total cumulative return in cash sums $91,843. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,728/mo property income rather than buyer’s personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50310, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,226 (100%) |
| Owner Occupied HU | 9,081 (63.8%) |
| Renter Occupied HU | 4,361 (30.7%) |
| Vacant Housing Units | 784 ( 5.5%) |
| Median Home Value | $237,952 |
| Average Home Value | $269,365 |
Housing Distribution
Address Breakdown
Residential
13,690
Single Family
11,750
Multi-Family
1,940
Businesses
755
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Listed by: Marcia Munger • Keller Williams Realty GDM
Mls Name: DMMLS
Mls ID: #720294