855 E 2nd StDes MoinesIA50309
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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 855 E 2nd St, Des Moines, IA, 50309 offers a 9.93% rental yield on a $396,250 purchase with $3,279/mo rent. Total monthly income registers $3,279/mo, and a $1,939/mo payment leaves $466/mo available for distribution. Annual cash flow reaches $5,592/yr on $131,357 to close, and return on cash invested stands at 24.17% in year one. Equity gained on principal adds $2,557/yr while 5% annual appreciation supports $109,477 over five years. Portfolio math shows five-year ROI at 126.86% and total cumulative return in cash at $166,634. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,279/mo property income against a $1,939/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2021
1,132 sqft lot
$N/A/sqft
$240 monthly HOA
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Listed by: Rob Burditt • Hubbell Homes of Iowa, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #714870
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.