804 2nd StDes MoinesIA50309
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Des Moines at 804 2nd St, Des Moines, IA, 50309 generates $1,398/mo in rent, after a $4,135/mo payment. Total monthly income is $1,398/mo. Return on cash invested sits at 1.37% in year one, and rental yield is 1.99% on a $844,900 entry. Equity gained on principal adds $5,452/yr, while 5% annual appreciation builds toward $233,430 over five years. Five-year ROI reaches 4.2% and total cumulative return in cash sums $11,668. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,398/mo property income rather than buyer’s personal income.
Condo
Built in 2023
1,306 sqft lot
$N/A/sqft
$240 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mohamed Ali • Iowa Realty Mills Crossing
Mls Name: DMMLS
Mls Provider:
Mls ID: #714943
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.