7316 SE 23rd St UNIT 5Des 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 7316 SE 23rd St UNIT 5, Des Moines, IA, 50320 earns $36/mo cash flow from $1,655/mo rent with a $1,028/mo payment. Total monthly income totals $1,655/mo, and annual cash flow totals $427/yr on $69,615 capital. ROI tracks 20.52% on current figures, and rental yield reads 9.46% at a $210,000 purchase. Equity gained on principal adds $1,355/yr, and 5% annual appreciation supports $58,019 over five years. Five-year ROI reaches 108.15% and total cumulative return in cash sums $75,292. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,655/mo property income instead of your personal income.
Condo
Built in 2001
2,570 sqft lot
$N/A/sqft
$250 monthly HOA
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Listed by: Rochelle Burnett • Keller Williams Realty GDM
Mls Name: DMMLS
Mls Provider:
Mls ID: #721900
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.