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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% |
Investment property for sale in West Des Moines at 6440 Ep True Pkwy UNIT 1201, West Des Moines, IA, 50266 uses $41,438 cash to close to unlock $5,316/yr annual cash flow and $443/mo monthly cash flow. Total monthly income runs $1,750/mo, and a $612/mo payment keeps the spread at $443/mo. Purchase price stands at $125,000, and rental yield measures 16.8% with $1,750/mo rent. Return on cash invested shows 32.74% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 177.21% and total cumulative return in cash records $73,433. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,750/mo property income covering a $612/mo payment rather than investor’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
$495 monthly HOA
Neighborhood data shown for ZIP Code: 50266, West Des Moines, IA area.
| 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 |
Residential
19,201
Single Family
11,911
Multi-Family
7,290
Businesses
1,810
Date | Event | Price |
|---|---|---|
| 2024-10-11 | Price change | $125,000 |
| 2024-09-26 | Listed for sale | $128,000 |
| 2016-07-29 | Sold | $87,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $1622.00 | 2.40% | $106,810 | 11.83% |
| 2022-10-15 | $1584.00 | -10.10% | $95,510 | 0.97% |
| 2021-10-15 | $1762.00 | 7.05% | $94,590 | -0.39% |
Listed by: Sherry Sadler • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #704753
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.
