706 NE 57th AveDes MoinesIA50313
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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 706 NE 57th Ave, Des Moines, IA, 50313 uses $139,064 cash to close to unlock $4,594/yr annual cash flow and $383/mo monthly cash flow. Total monthly income runs $3,107/mo, and a $2,053/mo payment keeps the spread at $383/mo. Purchase price stands at $419,500, and rental yield measures 8.89% with $3,107/mo rent. Return on cash invested shows 23.21% in year one, and 5% annual appreciation builds toward $115,900 over five years. Five-year ROI reaches 120.95% and total cumulative return in cash records $168,198. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,107/mo property income covering a $2,053/mo payment rather than investor’s personal income.
Single Family
Built in 2003
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50313, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,209 (100%) |
| Owner Occupied HU | 5,002 (69.4%) |
| Renter Occupied HU | 1,759 (24.4%) |
| Vacant Housing Units | 448 ( 6.2%) |
| Median Home Value | $198,048 |
| Average Home Value | $285,555 |
Housing Distribution
Address Breakdown
Residential
6,888
Single Family
6,411
Multi-Family
477
Businesses
945
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Listed by: Rebecca Poe • EXP Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #708347
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.