609 Milan StWest Des MoinesIA50266
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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
Investment property for sale in West Des Moines at 609 Milan St, West Des Moines, IA, 50266 listed at $408,595 pairs $2,237/mo rent with a $2,000/mo payment. Total monthly income runs $2,237/mo. Return on cash invested measures 14.67% in year one, and rental yield registers 6.57% at a $408,595 basis. Equity gained on principal adds $2,637/yr, and annual property appreciation at 5% supports $112,887 by year five. Five-year ROI tracks 75.71% and total cumulative return in cash totals $102,542. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,237/mo property income relative to a $2,000/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2024
5,662 sqft lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50266, West Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,158 (100%) |
| Owner Occupied HU | 9,448 (46.9%) |
| Renter Occupied HU | 8,717 (43.2%) |
| Vacant Housing Units | 1,993 ( 9.9%) |
| Median Home Value | $398,812 |
| Average Home Value | $442,652 |
Housing Distribution
Address Breakdown
Residential
19,201
Single Family
11,911
Multi-Family
7,290
Businesses
1,810
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Listed by: Rob Burditt • Hubbell Homes of Iowa, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #699049
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.