618 Arthur AveDes MoinesIA50313
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 618 Arthur Ave, Des Moines, IA, 50313 priced at $265,000 converts $2,267/mo rent into $546/mo cash flow after a $1,297/mo obligation. Total monthly income equals $2,267/mo, and annual cash flow totals $6,552/yr on $87,848 invested. Return on cash invested prints 27.37% in year one, and rental yield reads 10.27% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 143.2% and total cumulative return in cash sums $125,799. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,267/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 1927
8,407 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50313, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,209 (100%) |
| Owner Occupied HU | 5,002 (69.4%) |
| Renter Occupied HU | 1,759 (24.4%) |
| Vacant Housing Units | 448 ( 6.2%) |
| Median Home Value | $198,048 |
| Average Home Value | $285,555 |
Housing Distribution
Address Breakdown
Residential
6,888
Single Family
6,411
Multi-Family
477
Businesses
945
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Listed by: Chinda Khamboun • Keller Williams Realty GDM
Mls Name: DMMLS
Mls ID: #721980