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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% |
Investment property for sale in Des Moines at 7422 SE 23rd St UNIT 6, Des Moines, IA, 50320 offers a 10.49% rental yield on a $237,500 purchase with $2,077/mo rent. Total monthly income registers $2,077/mo, and a $1,162/mo payment leaves $248/mo available for distribution. Annual cash flow reaches $2,973/yr on $78,731 to close, and return on cash invested stands at 23.69% in year one. Equity gained on principal adds $1,533/yr while 5% annual appreciation supports $65,617 over five years. Portfolio math shows five-year ROI at 125.09% and total cumulative return in cash at $98,481. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,077/mo property income against a $1,162/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2002
2,570 sqft lot
$N/A/sqft
$250 monthly HOA
Date | Event | Price |
|---|---|---|
| 2025-05-02 | Listed for sale | $237,500 |
| 2006-09-07 | Sold | $177,000 |
| 2003-11-18 | Sold | $169,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-06 | $4056.00 | -5.23% | $206,200 | N/A |
| 2023-05-06 | $4280.00 | 0.75% | $206,200 | 13.55% |
| 2022-05-06 | $4248.00 | 1.38% | $181,600 | N/A |
Listed by: Derek Veldhouse • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #717217
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.
