623 Venice AveWest Des MoinesIA50266
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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 West Des Moines at 623 Venice Ave, West Des Moines, IA, 50266 priced at $282,790 pairs $2,549/mo rent with $538/mo cash flow after a $1,384/mo payment. Total monthly income equals $2,549/mo, and annual cash flow comes to $6,450/yr on $93,745 invested. Return on cash invested is 26.79% in year one, and rental yield stands at 10.82% on a $282,790 basis. Equity gained on principal adds $1,825/yr, and 5% annual appreciation accumulates to $78,130 by year five. Five-year ROI measures 140.97% and total cumulative return in cash reaches $132,153. For financing, Ziffy Mortgage’s DSCR program evaluates $2,549/mo property income against a $1,384/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2024
1,742 sqft lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50266, West Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,158 (100%) |
| Owner Occupied HU | 9,448 (46.9%) |
| Renter Occupied HU | 8,717 (43.2%) |
| Vacant Housing Units | 1,993 ( 9.9%) |
| Median Home Value | $398,812 |
| Average Home Value | $442,652 |
Housing Distribution
Address Breakdown
Residential
19,201
Single Family
11,911
Multi-Family
7,290
Businesses
1,810
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Listed by: Rob Burditt • Hubbell Homes of Iowa, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #706010
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.