829 29th StDes MoinesIA50312
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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 829 29th St, Des Moines, IA, 50312 offers a 9.73% rental yield on a $222,000 purchase with $1,800/mo rent. Total monthly income registers $1,800/mo, and a $1,087/mo payment leaves $358/mo available for distribution. Annual cash flow reaches $4,294/yr on $73,593 to close, and return on cash invested stands at 25.74% in year one. Equity gained on principal adds $1,433/yr while 5% annual appreciation supports $61,335 over five years. Portfolio math shows five-year ROI at 134.54% and total cumulative return in cash at $99,015. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,800/mo property income against a $1,087/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1915
8,581 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50312, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,317 (100%) |
| Owner Occupied HU | 4,524 (54.4%) |
| Renter Occupied HU | 3,187 (38.3%) |
| Vacant Housing Units | 606 ( 7.3%) |
| Median Home Value | $380,171 |
| Average Home Value | $451,211 |
Housing Distribution
Address Breakdown
Residential
7,800
Single Family
4,803
Multi-Family
2,997
Businesses
458
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Listed by: Amanda Kirk • Keller Williams Realty GDM
Mls Name: DMMLS
Mls ID: #731099