811 Burr Oaks Dr UNIT 1304West Des MoinesIA50266
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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
Rental property for sale in West Des Moines at 811 Burr Oaks Dr UNIT 1304, West Des Moines, IA, 50266 generates $1,815/mo in rent, after a $1,133/mo payment. Total monthly income is $1,815/mo. Return on cash invested sits at 19% in year one, and rental yield is 9.41% on a $231,500 entry. Equity gained on principal adds $1,494/yr, while 5% annual appreciation builds toward $63,959 over five years. Five-year ROI reaches 100.46% and total cumulative return in cash sums $77,098. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,815/mo property income rather than buyer’s personal income.
Condo
Built in 1997
N/A lot
$N/A/sqft
$370 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50266, West Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,158 (100%) |
| Owner Occupied HU | 9,448 (46.9%) |
| Renter Occupied HU | 8,717 (43.2%) |
| Vacant Housing Units | 1,993 ( 9.9%) |
| Median Home Value | $398,812 |
| Average Home Value | $442,652 |
Housing Distribution
Address Breakdown
Residential
19,201
Single Family
11,911
Multi-Family
7,290
Businesses
1,810
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Listed by: Tobi Sharon • RE/MAX Precision
Mls Name: DMMLS
Mls Provider:
Mls ID: #720114
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.