7000 Lake Hill Dr UNIT 24, Des Moines, IA, 50320 | $583/mo Cash Flow

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 7000 Lake Hill Dr UNIT 24, Des Moines, IA, 50320 generates $2,317/mo in rent and, after a $1,307/mo payment, leaves $583/mo in cash flow. Total monthly income is $2,317/mo, and annual cash flow is $6,994/yr on $88,511 invested. Return on cash invested sits at 27.81% in year one, and rental yield is 10.41% on a $267,000 entry. Equity gained on principal adds $1,723/yr, while 5% annual appreciation builds toward $73,767 over five years. Five-year ROI reaches 145.62% and total cumulative return in cash sums $128,887. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,317/mo property income rather than buyer’s personal income.

Condo

Built in 2022

2,003 sqft lot

$N/A/sqft

No HOA