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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 Des Moines at 683 42nd St, Des Moines, IA, 50312 earns $93/mo cash flow from $1,800/mo rent with a $1,224/mo payment. Total monthly income totals $1,800/mo, and annual cash flow totals $1,117/yr on $82,875 capital. ROI tracks 21.26% on current figures, and rental yield reads 8.64% at a $250,000 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 110.97% and total cumulative return in cash sums $91,966. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,800/mo property income instead of your personal income.
Single Family
Built in 1908
9,016 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 |
|---|---|---|
| 2024-12-20 | Price change | $250,000 |
| 2024-11-25 | Listed for sale | $260,000 |
| 2022-03-25 | Sold | $228,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-27 | $4796.00 | 5.41% | $220,500 | 8.35% |
| 2022-01-27 | $4550.00 | 3.88% | $203,500 | N/A |
| 2021-01-27 | $4380.00 | -3.61% | $203,500 | 10.54% |
Listed by: Cardenas, Fernando • RE/MAX Precision
Mls Name: DMMLS
Mls Provider:
Mls ID: #708320
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.
