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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Des Moines at 842 16th St #4, Des Moines, IA, 50314 offers a 7% rental yield on a $365,000 purchase with $2,130/mo rent. 53% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,843 over five years. Portfolio math shows five-year ROI at 90.47% and total cumulative return in cash at $109,471. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,130/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1893
5,009 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50314, Des Moines, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,989 (100%) |
| Owner Occupied HU | 1,688 (33.8%) |
| Renter Occupied HU | 2,661 (53.3%) |
| Vacant Housing Units | 640 (12.8%) |
| Median Home Value | $168,263 |
| Average Home Value | $200,574 |
Residential
4,535
Single Family
3,252
Multi-Family
1,283
Businesses
370
Date | Event | Price |
|---|---|---|
| 2025-04-21 | Listed for sale | $365,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Quintero, Ross • Stanbrough Realty Company
Mls Name: DMMLS
Mls Provider:
Mls ID: #716071
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.
