819 Cleveland AveDes MoinesIA50316
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 819 Cleveland Ave, Des Moines, IA, 50316 priced at $120,000 converts $903/mo rent into $124/mo cash flow after a $587/mo obligation. Total monthly income equals $903/mo, and annual cash flow totals $1,488/yr on $39,780 invested. Return on cash invested prints 23.65% in year one, and rental yield reads 9.03% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 123.28% and total cumulative return in cash sums $49,039. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $903/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1892
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50316, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,465 (100%) |
| Owner Occupied HU | 3,346 (51.8%) |
| Renter Occupied HU | 2,621 (40.5%) |
| Vacant Housing Units | 498 ( 7.7%) |
| Median Home Value | $150,369 |
| Average Home Value | $226,314 |
Housing Distribution
Address Breakdown
Residential
5,910
Single Family
4,964
Multi-Family
946
Businesses
468
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mariela Mendoza • Keller Williams Realty GDM
Mls Name: DMMLS
Mls ID: #731231