930 18th St, Des Moines, IA, 50314 | 4.09% Rental Yield

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930 18th St, Des Moines, IA, 50314 | 4.09% Rental Yield | Ziffy

For Sale

Rental Income

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 930 18th St, Des Moines, IA, 50314 earns from $2,130/mo rent with a $3,059/mo payment. Total monthly income totals $2,130/mo. ROI tracks 8.8% on current figures, and rental yield reads 4.09% at a $625,000 purchase. Equity gained on principal adds $4,033/yr, and 5% annual appreciation supports $172,676 over five years. Five-year ROI reaches 43.65% and total cumulative return in cash sums $89,761. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,130/mo property income instead of your personal income.

Single Family

Built in 1901

8,624 sqft lot

$N/A/sqft

No HOA

More details about the property

Nestled in the coveted Sherman Hill Historical District, this stunning 4 bedroom, 3 full bathroom masterpiece boasts over 4,300 finished square feet of living space, blending timeless character with cutting edge modern amenities. Meticulously restored and relocated to this prestigious neighborhood in 2019, the property features a brand-new foundation, new roof, updated siding, 10 foot finished basement ceilings, new electrical and plumbing systems, state-of-the-art HVAC and ductwork, and modernized utilities including sewer and water connections. Adding extraordinary versatility, the property's expansive finished attic transforms into a captivating upper-level retreat, a soaring loft oasis, or an elegant upper story sanctuary perfect for a private suite, home office, art studio, or entertainment haven. Its versatile mixed-use zoning offers unparalleled flexibility for residential or commercial applications, making it ideal as a dream family home, savvy investment opportunity for short-term rentals like Airbnb or Furnished Finder, unique group home, professional office space, or standout commercial venture. Sherman Hill's charm combined with this property's impeccable renovations and rare zoning creates a truly one-of-a-kind opportunity, perfect for those seeking a blend of history, luxury, and potential don't miss your chance to own a piece of Des Moines history with endless possibilities! 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