5909 Forest AveDes MoinesIA50311
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
Investment Highlights
Investment property for sale in Des Moines at 5909 Forest Ave, Des Moines, IA, 50311 earns $221/mo cash flow from $1,845/mo rent with a $1,224/mo payment. Total monthly income totals $1,845/mo, and annual cash flow totals $2,652/yr on $82,872 capital. ROI tracks 23.11% on current figures, and rental yield reads 8.86% at a $249,990 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,068 over five years. Five-year ROI reaches 120.47% and total cumulative return in cash sums $99,835. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,845/mo property income instead of your personal income.
Single Family
Built in 1951
7,710 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50311, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,741 (100%) |
| Owner Occupied HU | 3,326 (49.3%) |
| Renter Occupied HU | 2,882 (42.8%) |
| Vacant Housing Units | 533 ( 7.9%) |
| Median Home Value | $257,277 |
| Average Home Value | $278,646 |
Housing Distribution
Address Breakdown
Residential
5,825
Single Family
4,742
Multi-Family
1,083
Businesses
274
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tristan O'Neal • RE/MAX Precision
Mls Name: DMMLS
Mls ID: #732069