672 19th St, Des Moines, IA, 50314 | $794/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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672 19th St, Des Moines, IA, 50314 | $794/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Des Moines at 672 19th St, Des Moines, IA, 50314 generates $2,021/mo in rent and, after a $925/mo payment, leaves $794/mo in cash flow. Total monthly income is $2,021/mo, and annual cash flow is $9,523/yr on $62,654 invested. Return on cash invested sits at 35.11% in year one, and rental yield is 12.83% on a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 184.79% and total cumulative return in cash sums $115,774. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,021/mo property income rather than buyer’s personal income.

Multi Family

Built in 1914

7,492 sqft lot

$N/A/sqft

No HOA

More details about the property

Great investor opportunity! This historic Sherman Hill property was built as a 3-plex in the early1900s. Each floor had a 1,400 sf, two bedroom apartment with a formal dining room, large living room and sunroom. Some original tile and hardwood flooring remain in the building and could be restored. The original fire boxes and chimney remain in the building. The main building has a newer commercial TPO roof, installed by the previous owner, and the interior of the building is mostly demolished, ready for restoration. The back addition has some fire damage and needs repair. Seller can complete repairs prior to close, if requested. The property is eligible for state historic tax credits up to 45%. Contact your realtor to ask about historic tax credit details. The property will also qualify for 10 year tax abatement on all improvements. Floorplan drawings for3 bedroom layout available upon request. This building has tons of potential and is in a great location. Convenient to downtown, parks, Ingersoll, Gateway, restaurants, breweries, and Hoyt Sherman Place. Contact a realtor and set a time to stop by and check this opportunity out!

Neighborhood Data

Neighborhood data shown for ZIP Code: 50314, Des Moines, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,989 (100%)
Owner Occupied HU	1,688 (33.8%)
Renter Occupied HU	2,661 (53.3%)
Vacant Housing Units	640 (12.8%)
Median Home Value	$168,263
Average Home Value	$200,574