608 5th StWest Des MoinesIA50265
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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 West Des Moines at 608 5th St, West Des Moines, IA, 50265 generates $1,652/mo in rent, after a $1,273/mo payment. Total monthly income is $1,652/mo. Return on cash invested sits at 19.39% in year one, and rental yield is 7.62% on a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 100.49% and total cumulative return in cash sums $86,609. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,652/mo property income rather than buyer’s personal income.
Multi Family
Built in 1912
7,230 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50265, West Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,157 (100%) |
| Owner Occupied HU | 9,392 (62.0%) |
| Renter Occupied HU | 4,929 (32.5%) |
| Vacant Housing Units | 836 ( 5.5%) |
| Median Home Value | $310,899 |
| Average Home Value | $379,482 |
Housing Distribution
Address Breakdown
Residential
15,049
Single Family
11,438
Multi-Family
3,611
Businesses
1,103
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Listed by: Sonja Winter • Keller Williams Realty GDM
Mls Name: DMMLS
Mls ID: #727141