640 S 50th St UNIT 2212, West Des Moines, IA, 50265 | 5.23% Rental Yield

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640 S 50th St UNIT 2212, West Des Moines, IA, 50265 | 5.23% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in West Des Moines at 640 S 50th St UNIT 2212, West Des Moines, IA, 50265 generates $1,168/mo in rent, after a $1,312/mo payment. Total monthly income is $1,168/mo. Return on cash invested sits at 12.17% in year one, and rental yield is 5.23% on a $268,000 entry. Equity gained on principal adds $1,729/yr, while 5% annual appreciation builds toward $74,043 over five years. Five-year ROI reaches 61.79% and total cumulative return in cash sums $54,897. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,168/mo property income rather than buyer’s personal income.

Condo

Built in 2007

3,963 sqft lot

$N/A/sqft

No HOA

More details about the property

Seller is offering a 2-1 interest rate buy-down bringing your first year's rate to 4%!! Now, so much more affordable to own this sophisticated Condo with Dual Primary Suites! Step into style and comfort in the exceptional, two-story condo featuring two spacious primary suites, each with large walk-in closets and private baths. There is a great loft area which is an ideal flex space for home office, media or exercise. Kitchen is outfitted with top of the line SS appliances, sleek cabinetry and a great island. Beautiful finishes throughout including granite counters in the kitchen and bath and large windows on both levels keeping it bright and light. Stay safe and protected from the elements with the underground parking (2 spaces) and secure building. Close to interstate access, shopping, restaurants, fitness center. Priced significantly below current assessed value. Make your appointment to tour today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 50265, West Des Moines, IA area.

Housing Distribution

Housing Statistics

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