845 S 60th St, West Des Moines, IA, 50266 | $152/mo Cash Flow

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845 S 60th St, West Des Moines, IA, 50266 | $152/mo Cash Flow | Ziffy

For Sale

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 845 S 60th St, West Des Moines, IA, 50266 uses $39,780 cash to close to unlock $1,824/yr annual cash flow and $152/mo monthly cash flow. Total monthly income runs $931/mo, and a $587/mo payment keeps the spread at $152/mo. Purchase price stands at $120,000, and rental yield measures 9.31% with $931/mo rent. Return on cash invested shows 24.49% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 127.8% and total cumulative return in cash records $50,839. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $931/mo property income covering a $587/mo payment rather than investor’s personal income.

Condo

Built in 2016

4.85 Acres lot

$N/A/sqft

No HOA

More details about the property

Feel at home in this vibrant 55+ Co-op! This 1-bedroom, 1-bath, 897 sq ft unit offers comfort, convenience, and community. The bright kitchen features stainless-steel appliances and a walk-in pantry, opening to a spacious living/dining area. Enjoy a walk-in closet, in-unit storage, washer/dryer, and individually controlled HVAC. Relax with morning coffee on the covered deck and appreciate the heated garage with car wash. The building offers exceptional amenities: club and community rooms with kitchen, guest suites, woodworking shop, large deck with grills, fitness room, billiards, craft and sewing rooms, raised garden beds, puzzles, yoga, and while-youre-away services. Monthly co-op fees of $1,300 include taxes, insurance, mortgage principal and interest, water, sewer, trash, maintenance, lawn/snow care, security, and appliance repaircovering nearly all expenses for truly maintenance-free living. Two pets under 40 lbs welcome; rentals allowed within guidelines. Co-op living combines the benefits of homeownership with the ease of worry-free maintenance. Residents build equity, enjoy stable monthly costs, and share in a friendly, owner-occupied community focused on comfort, connection, and carefree living. Close to grocery stores, restaurants, clinics, and shoppingthis is secure, social living at its best!

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