816 9th St, West Des Moines, IA, 50265 | $493/mo Cash Flow

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816 9th St, West Des Moines, IA, 50265 | $493/mo Cash Flow | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in West Des Moines at 816 9th St, West Des Moines, IA, 50265 offers a 11.29% rental yield on a $169,000 purchase with $1,590/mo rent. Total monthly income registers $1,590/mo, and a $827/mo payment leaves $493/mo available for distribution. Annual cash flow reaches $5,911/yr on $56,024 to close, and return on cash invested stands at 30.46% in year one. Equity gained on principal adds $1,091/yr while 5% annual appreciation supports $46,692 over five years. Portfolio math shows five-year ROI at 159.87% and total cumulative return in cash at $89,563. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,590/mo property income against a $827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1923

10,454 sqft lot

$N/A/sqft

No HOA

More details about the property

Valley Junction Bungalow That Checks All the Boxes! Location, charm, and updatesthis Valley Junction home has it all! Just blocks from Historic Valley Junction, youll love being close to unique shops, restaurants, and the lively Farmers Market. Conveniently located near grocers, banks, schools, and just a quick drive to Costco, Trader Joes, and easy freeway access. This home has had all the major updates done for you, including a new roof, windows, furnace, A/C, water heater, sewer line, egress windows, updated bathroom, washer/dryer, and top-of-the-line stainless steel appliances in the kitchen! Enjoy the sun-filled, east-facing front porchperfect for morning coffee or relaxing any time of day. Inside, youll find a spacious open floor plan, stairs to unfinished attic, and great bonesjust waiting for your personal touch and dcor ideas to make it your own. Your pets will love the fenced backyard, and the oversized 2+ car garage gives you plenty of space for vehicles, storage, or even a workshop. Best part? This property is eligible for multiple renovation programs, including: *Up to $25,000 in matching funds through the Historic West Des Moines Housing Fund *forgivable 5-year loan through the Metro Home Improvement Program *A $10,000 forgivable loan through the Neighborhood Finance Corporation (NFC) Thats rightfree money to help you customize and improve this already affordable home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 50265, West Des Moines, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,157 (100%)
Owner Occupied HU	9,392 (62.0%)
Renter Occupied HU	4,929 (32.5%)
Vacant Housing Units	836 ( 5.5%)
Median Home Value	$310,899
Average Home Value	$379,482