608 Gray StDes MoinesIA50315
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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 608 Gray St, Des Moines, IA, 50315 priced at $197,900 pairs $1,440/mo rent with $142/mo cash flow after a $969/mo payment. Total monthly income equals $1,440/mo, and annual cash flow comes to $1,704/yr on $65,604 invested. Return on cash invested is 22.51% in year one, and rental yield stands at 8.73% on a $197,900 basis. Equity gained on principal adds $1,277/yr, and 5% annual appreciation accumulates to $54,676 by year five. Five-year ROI measures 117.24% and total cumulative return in cash reaches $76,917. For financing, Ziffy Mortgage’s DSCR program evaluates $1,440/mo property income against a $969/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1907
6,403 sqft lot
$N/A/sqft
No HOA
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Listed by: Jonesie Viggers • LPT Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #705734
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.