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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 3306, West Des Moines, IA, 50266 listed at $119,900 pairs $1,750/mo rent with a $587/mo payment to leave $476/mo cash flow. Total monthly income runs $1,750/mo, and annual cash flow reaches $5,714/yr on $39,747 cash to close. Return on cash invested measures 34.28% in year one, and rental yield registers 17.51% at a $119,900 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,126 by year five. Five-year ROI tracks 185.86% and total cumulative return in cash totals $73,872. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,750/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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 |
|---|---|---|
| 2024-10-03 | Price change | $119,900 |
| 2024-09-24 | Price change | $123,000 |
| 2024-09-13 | Listed for sale | $125,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $1788.00 | 2.64% | $106,810 | 11.83% |
| 2022-10-15 | $1742.00 | -9.74% | $95,510 | 1.49% |
| 2021-10-15 | $1930.00 | 6.39% | $94,110 | -0.90% |
Listed by: Rich Hudnut • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #703880
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.
