6440 Ep True Pkwy UNIT 3206West 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 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
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: Michael Clark • RE/MAX Concepts
Mls Name: DMMLS
Mls ID: #725169