6440 Ep True Pkwy UNIT 3206, West Des Moines, IA, 50266 | $118/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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6440 Ep True Pkwy UNIT 3206, West Des Moines, IA, 50266 | $118/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 3206, West Des Moines, IA, 50266 offers a 9.03% rental yield on a $115,000 purchase with $865/mo rent. Total monthly income registers $865/mo, and a $563/mo payment leaves $118/mo available for distribution. Annual cash flow reaches $1,416/yr on $38,123 to close, and return on cash invested stands at 23.62% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 123.16% and total cumulative return in cash at $46,953. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $865/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2003

N/A lot

$N/A/sqft

No HOA

More details about the property

This 2nd floor condo is located close to Jordan Creek Mall. Very open living area with new laminate flooring and fresh paint. Kitchen features maple cabinets and updated quartz counters with nice deep sink and all appliances are included. Dining area and living room area and a corner fireplace. Private master bedroom with full bath and tiled floor. Stackable washer/dryer located in hallway closet is also included. Second bedroom has full bath with tiled floor. Features of this building include an elevator, secure building doors, a fire sprinkler system, and a new roof and gutters in October 2022. One-car detached garage. 1 cat or 1 dog under 30 pounds is allowed.

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