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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Des Moines at 616 SW 60th St, Des Moines, IA, 50312 generates $1,800/mo in rent and, after a $930/mo payment, leaves $566/mo in cash flow. Total monthly income is $1,800/mo, and annual cash flow is $6,792/yr on $62,985 invested. Return on cash invested sits at 30.69% in year one, and rental yield is 11.37% on a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 161.07% and total cumulative return in cash sums $101,448. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,800/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
6,490 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50312, Des Moines, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,317 (100%) |
| Owner Occupied HU | 4,524 (54.4%) |
| Renter Occupied HU | 3,187 (38.3%) |
| Vacant Housing Units | 606 ( 7.3%) |
| Median Home Value | $380,171 |
| Average Home Value | $451,211 |
Residential
7,800
Single Family
4,803
Multi-Family
2,997
Businesses
458
Date | Event | Price |
|---|---|---|
| 2025-04-04 | Price change | $190,000 |
| 2025-03-17 | Listed for sale | $186,000 |
| 2020-04-16 | Sold | $66,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-08 | $2582.00 | 0.86% | $135,700 | 14.61% |
| 2022-04-08 | $2560.00 | -6.23% | $118,400 | N/A |
| 2021-04-08 | $2730.00 | -3.74% | $118,400 | 8.23% |
Listed by: Crispin, Parker • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #714918
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.
