7000 Lake Ridge Ave #24Des 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
Investment property for sale in Des Moines at 7000 Lake Ridge Ave #24, Des Moines, IA, 50320 listed at $267,000 pairs $1,440/mo rent with a $1,307/mo payment. Total monthly income runs $1,440/mo. Return on cash invested measures 15.92% in year one, and rental yield registers 6.47% at a $267,000 basis. Equity gained on principal adds $1,723/yr, and annual property appreciation at 5% supports $73,767 by year five. Five-year ROI tracks 81.86% and total cumulative return in cash totals $72,451. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,440/mo property income relative to a $1,307/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2022
2,178 sqft lot
$N/A/sqft
No HOA
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Listed by: Kris Gardner • RE/MAX Concepts- Huxley
Mls Name: CIBR
Mls ID: #68771