7000 Lake Hill Dr UNIT 77Des MoinesIA50320
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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
Rental property for sale in Des Moines at 7000 Lake Hill Dr UNIT 77, Des Moines, IA, 50320 generates $1,398/mo in rent, after a $1,303/mo payment. Total monthly income is $1,398/mo. Return on cash invested sits at 13.03% in year one, and rental yield is 6.3% on a $266,225 entry. Equity gained on principal adds $1,718/yr, while 5% annual appreciation builds toward $73,553 over five years. Five-year ROI reaches 67.27% and total cumulative return in cash sums $59,368. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,398/mo property income rather than buyer’s personal income.
Condo
Built in 2023
1,698 sqft lot
$N/A/sqft
$175 monthly HOA
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Listed by: Brandy Laiblin • RE/MAX Revolution
Mls Name: DMMLS
Mls Provider:
Mls ID: #695656
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