6440 Ep True Pkwy Unit 1108West Des MoinesIA50266
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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
Investment Highlights
Investment property for sale in West Des Moines at 6440 Ep True Pkwy Unit 1108, West Des Moines, IA, 50266 uses $46,377 cash to close to unlock $2,174/yr annual cash flow and $181/mo monthly cash flow. Total monthly income runs $1,090/mo, and a $685/mo payment keeps the spread at $181/mo. Purchase price stands at $139,900, and rental yield measures 9.35% with $1,090/mo rent. Return on cash invested shows 24.6% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 128.5% and total cumulative return in cash records $59,595. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,090/mo property income covering a $685/mo payment rather than investor’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50266, West Des Moines, IA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
19,201
Single Family
11,911
Multi-Family
7,290
Businesses
1,810
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Listed by: Stacie Holst • Re/Max Precision Ankeny Uptown
Mls Name: CIBR
Mls ID: #67255