7407 SW 15th St, Des Moines, IA, 50315 | $103/mo Cash Flow

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7407 SW 15th St, Des Moines, IA, 50315 | $103/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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7404 SW 15th St, Des Moines, IA, 50315

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

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Investment Highlights

Investment property for sale in Des Moines at 7407 SW 15th St, Des Moines, IA, 50315 offers a 8.38% rental yield on a $210,000 purchase with $1,467/mo rent. Total monthly income registers $1,467/mo, and a $1,028/mo payment leaves $103/mo available for distribution. Annual cash flow reaches $1,236/yr on $69,615 to close, and return on cash invested stands at 21.68% in year one. Equity gained on principal adds $1,355/yr while 5% annual appreciation supports $58,019 over five years. Portfolio math shows five-year ROI at 112.72% and total cumulative return in cash at $78,472. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,467/mo property income against a $1,028/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1954

8,232 sqft lot

$N/A/sqft

No HOA

More details about the property

This solid two-story home is full of character and sits on a quiet street on the south side of town. It's in a great location, just minutes from the Blank Park Zoo, shopping, restaurants, and with easy access to West Des Moines for a quick commute. Inside, the main level offers good natural light and a functional living space, including a cozy kitchen and a comfortable dining area. Upstairs, you'll find well-sized bedrooms with a mix of original charm and practical updates. The fenced backyard has mature trees and plenty of space to relax or let the kids and pets play. With an oversized detached 2 car garage and useful storage throughout, this home offers comfort, convenience, and a location that's tough to beat. All information obtained from seller and public records.