803 Oak Park AveDes MoinesIA50313
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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 803 Oak Park Ave, Des Moines, IA, 50313 with 5% annual appreciation on a $185,000 basis while $1,463/mo rent supports operations. Total monthly income totals $1,463/mo and a $905/mo payment preserves $262/mo for cash returns. Annual cash flow comes to $3,144/yr on $61,328 deployed, and return on cash invested reaches 25.04% in year one. Equity gained on principal adds $1,194/yr, and five-year appreciation sums $51,112 alongside rental yield of 9.49%. Five-year ROI measures 130.71% and total cumulative return in cash totals $80,163.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,463/mo property income versus a $905/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1891
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50313, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,209 (100%) |
| Owner Occupied HU | 5,002 (69.4%) |
| Renter Occupied HU | 1,759 (24.4%) |
| Vacant Housing Units | 448 ( 6.2%) |
| Median Home Value | $198,048 |
| Average Home Value | $285,555 |
Housing Distribution
Address Breakdown
Residential
6,888
Single Family
6,411
Multi-Family
477
Businesses
945
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Listed by: Amber Lesnick • Zealty Home Advisors
Mls Name: DMMLS
Mls ID: #723771