6471 NE 11th CtDes MoinesIA50313
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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 Des Moines at 6471 NE 11th Ct, Des Moines, IA, 50313 uses $112,541 cash to close to unlock $8,414/yr annual cash flow and $701/mo monthly cash flow. Total monthly income runs $2,923/mo, and a $1,662/mo payment keeps the spread at $701/mo. Purchase price stands at $339,490, and rental yield measures 10.33% with $2,923/mo rent. Return on cash invested shows 27.39% in year one, and 5% annual appreciation builds toward $93,795 over five years. Five-year ROI reaches 143.43% and total cumulative return in cash records $161,414. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,923/mo property income covering a $1,662/mo payment rather than investor’s personal income.
Single Family
Built in 2024
6,490 sqft lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50313, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,209 (100%) |
| Owner Occupied HU | 5,002 (69.4%) |
| Renter Occupied HU | 1,759 (24.4%) |
| Vacant Housing Units | 448 ( 6.2%) |
| Median Home Value | $198,048 |
| Average Home Value | $285,555 |
Housing Distribution
Address Breakdown
Residential
6,888
Single Family
6,411
Multi-Family
477
Businesses
945
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Listed by: Rob Burditt • Hubbell Homes of Iowa, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #696083
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.