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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% |
Rental property for sale in West Des Moines at 640 S 50th St UNIT 2210, West Des Moines, IA, 50265 generates $2,405/mo in rent, after a $1,957/mo payment. Total monthly income is $2,405/mo. Return on cash invested sits at 14.75% in year one, and rental yield is 7.22% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 76.84% and total cumulative return in cash sums $101,864. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,405/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 |
|---|---|---|
| 2024-08-09 | Listed for sale | $399,900 |
| 2017-10-16 | Sold | $272,350 |
| 2017-09-12 | Listed for sale | $299,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-20 | $4418.00 | 1.24% | $313,400 | 29.99% |
| 2022-11-20 | $4364.00 | -14.03% | $241,100 | N/A |
| 2021-11-20 | $5076.00 | 1.64% | $241,100 | -9.02% |
Listed by: John Dunn • Iowa Realty Mills Crossing
Mls Name: DMMLS
Mls Provider:
Mls ID: #700747
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.
