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% |
Rental property for sale in West Des Moines at 640 S 50th St UNIT 2201, West Des Moines, IA, 50265 generates $2,398/mo in rent and, after a $1,361/mo payment, leaves $212/mo in cash flow. Total monthly income is $2,398/mo, and annual cash flow is $2,545/yr on $92,157 invested. Return on cash invested sits at 22.67% in year one, and rental yield is 10.35% on a $278,000 entry. Equity gained on principal adds $1,794/yr, while 5% annual appreciation builds toward $76,806 over five years. Five-year ROI reaches 119.9% and total cumulative return in cash sums $110,501. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,398/mo property income rather than buyer’s personal income.
Condo
Built in 2007
3,963 sqft lot
$N/A/sqft
$378 monthly HOA
Neighborhood data shown for ZIP Code: 50265, West Des Moines, IA area.
| 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 |
Residential
15,049
Single Family
11,438
Multi-Family
3,611
Businesses
1,103
Date | Event | Price |
|---|---|---|
| 2025-06-06 | Listing removed | $1,900 |
| 2025-05-13 | Price change | $1,900 |
| 2025-05-06 | Listed for rent | $2,050 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-19 | $4252.00 | 6.67% | $268,300 | N/A |
| 2023-10-19 | $3986.00 | 1.22% | $268,300 | 29.99% |
| 2022-10-19 | $3938.00 | -13.41% | $206,400 | N/A |
Listed by: Aisha Syed • Iowa Realty Mills Crossing
Mls Name: DMMLS
Mls Provider:
Mls ID: #704094
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.
