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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% |
Investment property for sale in Des Moines at 6216 Welker Ave, Des Moines, IA, 50312 uses $54,698 cash to close to unlock $2,892/yr annual cash flow and $241/mo monthly cash flow. Total monthly income runs $1,313/mo, and a $808/mo payment keeps the spread at $241/mo. Purchase price stands at $165,000, and rental yield measures 9.55% with $1,313/mo rent. Return on cash invested shows 25.2% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 131.61% and total cumulative return in cash records $71,987. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,313/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in 1912
6,621 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 |
|---|---|---|
| 2025-04-11 | Listed for sale | $165,000 |
| 2025-04-01 | Pending sale | $165,000 |
| 2025-03-29 | Listed for sale | $165,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-15 | $2306.00 | 0.87% | $132,200 | 23.90% |
| 2022-04-15 | $2286.00 | 3.35% | $106,700 | N/A |
| 2021-04-15 | $2212.00 | -3.49% | $106,700 | 9.77% |
Listed by: Maggie Brett • Midwestern Realty
Mls Name: DMMLS
Mls Provider:
Mls ID: #714445
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.
