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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 737 38th St, Des Moines, IA, 50312 generates $1,776/mo in rent and, after a $1,028/mo payment, leaves $380/mo in cash flow. Total monthly income is $1,776/mo, and annual cash flow is $4,562/yr on $69,615 invested. Return on cash invested sits at 26.46% in year one, and rental yield is 10.15% on a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 138.63% and total cumulative return in cash sums $96,508. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,776/mo property income rather than buyer’s personal income.
Single Family
Built in 1919
8,145 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50312, Des Moines, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,317 (100%) |
| Owner Occupied HU | 4,524 (54.4%) |
| Renter Occupied HU | 3,187 (38.3%) |
| Vacant Housing Units | 606 ( 7.3%) |
| Median Home Value | $380,171 |
| Average Home Value | $451,211 |
Residential
7,800
Single Family
4,803
Multi-Family
2,997
Businesses
458
Date | Event | Price |
|---|---|---|
| 2025-07-28 | Sold | $210,000 |
| 2025-06-23 | Pending sale | $219,000 |
| 2025-06-14 | Listed for sale | $219,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $3574.00 | -13.80% | $207,800 | N/A |
| 2023-10-26 | $4146.00 | 0.83% | $207,800 | 10.41% |
| 2022-10-26 | $4112.00 | 3.47% | $188,200 | N/A |
Listed by: Buck Nelson • Platinum Realty LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #720300
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.
