9065 Bishop Dr #302West Des MoinesIA50266
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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
Total monthly income runs $1,846/mo, and a $1,419/mo payment. Purchase price stands at $290,000, and rental yield measures 7.64% with $1,846/mo rent. Return on cash invested shows 19.45% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 100.75% and total cumulative return in cash records $96,856. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,846/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Townhouse
Built in 2019
1,494 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
19,201
Single Family
11,911
Multi-Family
7,290
Businesses
1,810
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Listed by: Sue Sutton-Ludwig • RE/MAX Concepts
Mls Name: DMMLS
Mls ID: #728147