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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% |
Rental property for sale in Des Moines at 720 Morton Ave, Des Moines, IA, 50316 priced at $152,500 converts $1,310/mo rent into $320/mo cash flow after a $746/mo obligation. Total monthly income equals $1,310/mo, and annual cash flow totals $3,840/yr on $50,554 invested. Return on cash invested prints 27.5% in year one, and rental yield reads 10.31% against a $152,500 entry. Equity gained on principal adds $984/yr, while 5% annual appreciation compiles into $42,133 by year five. Five-year ROI reaches 143.94% and total cumulative return in cash sums $72,767. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,310/mo property income covering a $746/mo payment, not borrower’s personal income.
Single Family
Built in 1916
6,621 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50316, Des Moines, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,465 (100%) |
| Owner Occupied HU | 3,346 (51.8%) |
| Renter Occupied HU | 2,621 (40.5%) |
| Vacant Housing Units | 498 ( 7.7%) |
| Median Home Value | $150,369 |
| Average Home Value | $226,314 |
Residential
5,910
Single Family
4,964
Multi-Family
946
Businesses
468
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Marsha Bannister • Homeworks Realty, LLC
Mls Name: DMMLS
Mls ID: #724346
