Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 West Des Moines at 635 87th St, West Des Moines, IA, 50266 offers a 10.3% rental yield on a $233,000 purchase with $1,999/mo rent. Total monthly income registers $1,999/mo, and a $1,140/mo payment leaves $196/mo available for distribution. Annual cash flow reaches $2,354/yr on $77,240 to close, and return on cash invested stands at 22.96% in year one. Equity gained on principal adds $1,504/yr while 5% annual appreciation supports $64,374 over five years. Portfolio math shows five-year ROI at 121.26% and total cumulative return in cash at $93,661. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,999/mo property income against a $1,140/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2007
N/A lot
$N/A/sqft
$290 monthly HOA
Neighborhood data shown for ZIP Code: 50266, West Des Moines, IA area.
| 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 |
Residential
19,201
Single Family
11,911
Multi-Family
7,290
Businesses
1,810
Date | Event | Price |
|---|---|---|
| 2025-03-14 | Listed for sale | $233,000 |
| 2022-05-05 | Sold | $208,000 |
| 2022-03-11 | Pending sale | $199,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-20 | $3120.00 | 8.48% | $199,890 | 13.86% |
| 2022-03-20 | $2876.00 | -2.44% | $175,550 | 6.78% |
| 2021-03-20 | $2948.00 | 6.20% | $164,410 | 6.70% |
Listed by: Stephanie Thomas • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #713557
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.
