920 18th St, Des Moines, IA, 50314 | 3.47% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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920 18th St, Des Moines, IA, 50314 | 3.47% Rental Yield | 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 Des Moines at 920 18th St, Des Moines, IA, 50314 earns from $1,099/mo rent with a $1,859/mo payment. Total monthly income totals $1,099/mo. ROI tracks 6.88% on current figures, and rental yield reads 3.47% at a $379,900 purchase. Equity gained on principal adds $2,451/yr, and 5% annual appreciation supports $104,959 over five years. Five-year ROI reaches 33.36% and total cumulative return in cash sums $42,017. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,099/mo property income instead of your personal income.

Single Family

Built in 1893

6,229 sqft lot

$N/A/sqft

No HOA

More details about the property

Step into timeless elegance in this beautifully restored Victorian gem nestled in the prestigious Sherman Hill Historic District. This charming 3 bedroom, 2 bathroom treasure boasts an abundance of living space, with over 1,600 finished square feet of beautifully appointed interiors showcasing exquisite hardwood floors throughout, painstakingly preserved and revitalized to their original glory. Every detail reflects a meticulous commitment to historic authenticity, with careful restoration using traditional materials and techniques that honor the home's rich heritage. Modern comfort meets vintage charm with a new HVAC system installed in 2021, ensuring a cozy and efficient living environment. Adding to its allure, this property boasts mixed-use zoning, offering unparalleled flexibility for use as a captivating residential abode or a distinctive commercial space perfect for investors, entrepreneurs, or homeowners seeking a unique blend of history and functionality. Immerse yourself in the captivating beauty of this storied era, with the perfect blend of historic character and contemporary livability. This Sherman Hill jewel is a rare find for those who cherish history, beauty, and the warmth of a truly special home, with endless possibilities waiting to be explored. Call for a showing today! All information obtained from seller and public records.

Neighborhood Data

Neighborhood data shown for ZIP Code: 50314, Des Moines, IA area.

Housing Distribution

Housing Statistics

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