Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 Des Moines at 655 38th St, Des Moines, IA, 50312 generates $1,349/mo in rent and, after a $979/mo payment, leaves $50/mo in cash flow. Total monthly income is $1,349/mo, and annual cash flow is $600/yr on $66,300 invested. Return on cash invested sits at 20.81% in year one, and rental yield is 8.09% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 108.08% and total cumulative return in cash sums $71,660. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,349/mo property income rather than buyer’s personal income.
Single Family
Built in 1919
8,145 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50312, Des Moines, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,317 (100%) |
| Owner Occupied HU | 4,524 (54.4%) |
| Renter Occupied HU | 3,187 (38.3%) |
| Vacant Housing Units | 606 ( 7.3%) |
| Median Home Value | $380,171 |
| Average Home Value | $451,211 |
Residential
7,800
Single Family
4,803
Multi-Family
2,997
Businesses
458
Date | Event | Price |
|---|---|---|
| 2025-04-15 | Listed for sale | $200,000 |
| 2019-06-21 | Sold | $109,500 |
| 2019-04-26 | Price change | $111,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-16 | $2636.00 | 0.84% | $128,900 | 6.79% |
| 2022-04-16 | $2614.00 | 1.79% | $120,700 | N/A |
| 2021-04-16 | $2568.00 | -3.53% | $120,700 | 8.25% |
Listed by: Sonia Gens • Iowa Realty Mills Crossing
Mls Name: DMMLS
Mls Provider:
Mls ID: #715736
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.
