6101 College AveDes MoinesIA50322
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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 Des Moines at 6101 College Ave, Des Moines, IA, 50322 uses $97,295 cash to close to unlock $3,761/yr annual cash flow and $313/mo monthly cash flow. Total monthly income runs $2,220/mo, and a $1,437/mo payment keeps the spread at $313/mo. Purchase price stands at $293,500, and rental yield measures 9.08% with $2,220/mo rent. Return on cash invested shows 23.77% in year one, and 5% annual appreciation builds toward $81,089 over five years. Five-year ROI reaches 124% and total cumulative return in cash records $120,647. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,220/mo property income covering a $1,437/mo payment rather than investor’s personal income.
Single Family
Built in 1947
7,187 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50322, Urbandale, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,132 (100%) |
| Owner Occupied HU | 9,754 (69.0%) |
| Renter Occupied HU | 3,744 (26.5%) |
| Vacant Housing Units | 634 ( 4.5%) |
| Median Home Value | $284,903 |
| Average Home Value | $302,461 |
Housing Distribution
Address Breakdown
Residential
13,630
Single Family
10,811
Multi-Family
2,819
Businesses
1,407
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Listed by: Angela Glasgow • Realty ONE Group Impact
Mls Name: DMMLS
Mls ID: #731480