5806 SE 24th StDes MoinesIA50320
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe income profile at 5806 SE 24th St, Des Moines, IA, 50320 in Des Moines is straightforward: $250,000 in, $2,087/mo in rent, $463/mo out after debt service. The 10.02% gross yield and 1.86 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $69,070 by year five. With $2,303/yr in principal equity, the total cumulative return is projected at $124,957.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 6.5% |
| Monthly Cash Flow | $463 | $450 |
City averages based on Des Moines market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,087 |
| Total Monthly Debt Service | $1,524 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2018
3,528 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 2018
3,528 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kirsten Hart • Snowy Owl Realty
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20253806