6440 Ep True Pkwy UNIT 1108, West Des Moines, IA, 50266 | $145/mo Cash Flow

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6440 Ep True Pkwy UNIT 1108, West Des Moines, IA, 50266 | $145/mo Cash Flow | 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

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 $1,742/yr annual cash flow and $145/mo monthly cash flow. Total monthly income runs $1,054/mo, and a $685/mo payment keeps the spread at $145/mo. Purchase price stands at $139,900, and rental yield measures 9.04% with $1,054/mo rent. Return on cash invested shows 23.66% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 123.48% and total cumulative return in cash records $57,267. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,054/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

More details about the property

This zero entry, beautifully renovated condo near the vibrant areas of Jordan Creek & Mills Civic, merges comfort, style, and convenience. This easily accessible, ground-level unit offers 2 bedrooms and 2 full bathrooms. It features new LVP flooring & fresh, neutral paint throughout. The kitchen shines with new quartz countertops, offering ample workspace for meal prep and entertaining, while the bathrooms feature contemporary fixtures. Enjoy peace of mind with the secured building, adding a layer of safety to your home environment. An expansive green space is perfect for outdoor activities or relaxation on your private patio. An oversized 1-stall garage with a new opener offers protection for your vehicle or extra storage. There are always plenty of extra parking spaces as well. This area caters to diverse lifestyles and folks of any age seeking minimal maintenance demands. Back on market due to buyer's financial situation changed. All information obtained from seller and public records.

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