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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 Des Moines at 6011 University Ave, Des Moines, IA, 50311 at $209,900 posts ROI 30.72% with $627/mo cash flow from $2,012/mo rent. Total monthly income equals $2,012/mo, and annual cash flow records $7,523/yr on $69,582 to close. Return on cash invested measures 30.72% and rental yield reads 11.5% at the current $209,900. Equity gained on principal adds $1,354/yr, and 5% annual appreciation supports $57,992 by year five. Five-year ROI prints 161.35% and total cumulative return in cash totals $112,268.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,012/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1941
10,497 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50311, Des Moines, IA area.
| 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 |
Residential
5,825
Single Family
4,742
Multi-Family
1,083
Businesses
274
Date | Event | Price |
|---|---|---|
| 2024-11-15 | Price change | $209,900 |
| 2024-10-21 | Listed for sale | $215,000 |
| 2023-09-26 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-20 | $3458.00 | 0.76% | $174,500 | 18.95% |
| 2022-11-20 | $3432.00 | 4.13% | $146,700 | N/A |
| 2021-11-20 | $3296.00 | -3.74% | $146,700 | 11.05% |
Listed by: Amy Dempsey • Iowa Realty Mills Crossing
Mls Name: DMMLS
Mls Provider:
Mls ID: #706272
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.
