620 E Edison AveDes 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 620 E Edison Ave, Des Moines, IA, 50315 priced at $164,000 converts $1,638/mo rent into $554/mo cash flow after a $803/mo obligation. Total monthly income equals $1,638/mo, and annual cash flow totals $6,650/yr on $54,366 invested. Return on cash invested prints 32.14% in year one, and rental yield reads 11.99% against a $164,000 entry. Equity gained on principal adds $1,058/yr, while 5% annual appreciation compiles into $45,310 by year five. Five-year ROI reaches 169.07% and total cumulative return in cash sums $91,917. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,638/mo property income covering a $803/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.26 Acres lot
$N/A/sqft
No HOA
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Listed by: Mike Fagerstrom • Keller Williams Realty GDM
Mls Name: DMMLS
Mls Provider:
Mls ID: #723074
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