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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 6440 Ep True Pkwy UNIT 3104, West Des Moines, IA, 50266 generates $1,464/mo in rent and, after a $538/mo payment, leaves $222/mo in cash flow. Total monthly income is $1,464/mo, and annual cash flow is $2,666/yr on $36,432 invested. Return on cash invested sits at 27.23% in year one, and rental yield is 15.99% on a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 148.89% and total cumulative return in cash sums $54,244. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,464/mo property income rather than buyer’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
$528 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 |
|---|---|---|
| 2025-01-10 | Listed for sale | $109,900 |
| 2021-04-27 | Sold | $89,000 |
| 2019-10-16 | Listing removed | $93,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-27 | $922.00 | -47.31% | $105,800 | 11.83% |
| 2022-01-27 | $1750.00 | 3.06% | $94,610 | 0.02% |
| 2021-01-27 | $1698.00 | 61.26% | $94,590 | -0.39% |
Listed by: Jon Niemeyer • EXIT Realty & Associates
Mls Name: DMMLS
Mls Provider:
Mls ID: #710042
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.
