802 33rd St, Des Moines, IA, 50312 | $315/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

802 33rd St, Des Moines, IA, 50312 | $315/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Listed for sale 1 day ago

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
1 Bath
779 sft

537 11th St, West Des Moines, IA, 50265

2 Bed
2 Bath
1130 sft

8350 Ep True Pkwy UNIT 1203, West Des Moines, IA, 50266

2 Bed
2 Bath
1299 sft

6200 Ep True Pkwy APT 804, West Des Moines, IA, 50266

2 Bed
3 Bath
1195 sft

1481 SE Superior Ln, Waukee, IA, 50263

Nearby investment properties with comparable prices

3 Bed
2 Bath
1176 sft

716 E Filmore St, Winterset, IA, 50273

2 Bed
2 Bath
1103 sft

209 W Jefferson St #21, Winterset, IA, 50273

2 Bed
1 Bath
1000 sft

727 36th St, Des Moines, IA, 50312

2 Bed
2 Bath
1103 sft

209 W Jefferson St #22, Winterset, IA, 50273

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Des Moines at 802 33rd St, Des Moines, IA, 50312 listed at $214,900 pairs $1,711/mo rent with a $1,052/mo payment to leave $315/mo cash flow. Total monthly income runs $1,711/mo, and annual cash flow reaches $3,782/yr on $71,239 cash to close. Return on cash invested measures 25.22% in year one, and rental yield registers 9.55% at a $214,900 basis. Equity gained on principal adds $1,387/yr, and annual property appreciation at 5% supports $59,373 by year five. Five-year ROI tracks 131.77% and total cumulative return in cash totals $93,870. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,711/mo property income relative to a $1,052/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1918

4,486 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming 1918 Craftsman Bungalow in Des Moines Coveted North of Grand Welcome to this cute 1918 Craftsman-style bungalow, full of character and nestled on a desirable corner lot in the North of Grand neighborhood. Offering 2 bedrooms and 2 baths, this home combines vintage charm with thoughtful updates. The main level features a spacious living room with a cozy gas fireplace insert, built-in shelving, and a large dining room. The spa-like bathroom was remodeled just a few years ago and includes a jet tub, oversized 4x3 shower, and modern finishes. The primary bedroom offers a walk-in closet, while the second bedroom is located in the finished attic above the garageperfect as a guest room or private retreat. The lower level is mostly carpeted, includes a second bathroom (ready for your updates), and provides plenty of flexible space for a family room, office, non-conforming bedroom, or storage. Outside, enjoy a fenced yard, covered front porch, and an attached single-car garage with a double-wide driveway. A lifetime shed (negotiable) adds even more storage. Recent improvements include a new roof, HVAC with central air, and insulation within the last 810 years, plus a Nest thermostat for efficiency. With easy access to downtown, schools, and shopping, this home offers charm, updates, and location all in one. Seller is selling As-Is.

Neighborhood Data

Neighborhood data shown for ZIP Code: 50312, Des Moines, IA area.

Housing Distribution

Housing Statistics

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