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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 633 48th St, Des Moines, IA, 50312 uses $112,677 cash to close to unlock $1,034/yr annual cash flow and $86/mo monthly cash flow. Total monthly income runs $2,294/mo, and a $1,664/mo payment keeps the spread at $86/mo. Purchase price stands at $339,900, and rental yield measures 8.1% with $2,294/mo rent. Return on cash invested shows 20.83% in year one, and 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 108.18% and total cumulative return in cash records $121,895. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,294/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 1922
6,664 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 |
|---|---|---|
| 2025-09-26 | Price change | $339,900 |
| 2025-09-05 | Listed for sale | $342,500 |
| 2020-06-15 | Sold | $216,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-09 | $4970.00 | 3.71% | $263,100 | N/A |
| 2023-10-09 | $4792.00 | 0.80% | $263,100 | 23.99% |
| 2022-10-09 | $4754.00 | 22.53% | $212,200 | N/A |
Listed by: Erin Rundall • Keller Williams Realty GDM
Mls Name: DMMLS
Mls Provider:
Mls ID: #725659
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.
