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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 3208, West Des Moines, IA, 50266 generates $1,472/mo in rent and, after a $538/mo payment, leaves $230/mo in cash flow. Total monthly income is $1,472/mo, and annual cash flow is $2,760/yr on $36,465 invested. Return on cash invested sits at 27.48% in year one, and rental yield is 16.06% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 150.13% and total cumulative return in cash sums $54,744. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,472/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 |
|---|---|---|
| 2025-01-21 | Listed for sale | $110,000 |
| 2018-04-13 | Sold | $96,000 |
| 2018-04-02 | Pending sale | $97,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-27 | $1622.00 | 2.40% | $106,810 | 11.83% |
| 2022-01-27 | $1584.00 | 0.25% | $95,510 | 0.97% |
| 2021-01-27 | $1580.00 | 7.92% | $94,590 | -0.39% |
Listed by: Pennie Carroll • Pennie Carroll & Associates
Mls Name: DMMLS
Mls Provider:
Mls ID: #710562
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.
