621 5th StWest Des MoinesIA50265
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 West Des Moines at 621 5th St, West Des Moines, IA, 50265 offers $1,708/mo rent that, after a $1,224/mo payment, leaves $84/mo cash flow. Total monthly income is $1,708/mo, and annual cash flow is $1,008/yr on $82,875 cash. Return on cash invested measures 21.13% in year one, and rental yield stands at 8.2% at a $249,999 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,070 by year five. Five-year ROI records 109.77% and total cumulative return in cash reaches $90,970. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,708/mo property income versus a $1,224/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1918
8,973 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50265, West Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,157 (100%) |
| Owner Occupied HU | 9,392 (62.0%) |
| Renter Occupied HU | 4,929 (32.5%) |
| Vacant Housing Units | 836 ( 5.5%) |
| Median Home Value | $310,899 |
| Average Home Value | $379,482 |
Housing Distribution
Address Breakdown
Residential
15,049
Single Family
11,438
Multi-Family
3,611
Businesses
1,103
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeffrey Hagel • BEX Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #704296
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.