603 E Euclid AveDes MoinesIA50313
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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 603 E Euclid Ave, Des Moines, IA, 50313 priced at $104,900 converts $1,072/mo rent into $391/mo cash flow after a $513/mo obligation. Total monthly income equals $1,072/mo, and annual cash flow totals $4,694/yr on $34,774 invested. Return on cash invested prints 33.41% in year one, and rental yield reads 12.26% against a $104,900 entry. Equity gained on principal adds $677/yr, while 5% annual appreciation compiles into $28,982 by year five. Five-year ROI reaches 175.77% and total cumulative return in cash sums $61,122. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,072/mo property income covering a $513/mo payment, not borrower’s personal income.
Multi Family
Built in 1910
5,488 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50313, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,209 (100%) |
| Owner Occupied HU | 5,002 (69.4%) |
| Renter Occupied HU | 1,759 (24.4%) |
| Vacant Housing Units | 448 ( 6.2%) |
| Median Home Value | $198,048 |
| Average Home Value | $285,555 |
Housing Distribution
Address Breakdown
Residential
6,888
Single Family
6,411
Multi-Family
477
Businesses
945
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Listed by: Mitch Coluzzi • Real Broker, LLC
Mls Name: DMMLS
Mls ID: #725545