935 23rd StDes MoinesIA50312
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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 935 23rd St, Des Moines, IA, 50312 uses $69,582 cash to close to unlock $139/yr annual cash flow and $12/mo monthly cash flow. Total monthly income runs $1,443/mo, and a $1,027/mo payment keeps the spread at $12/mo. Purchase price stands at $209,900, and rental yield measures 8.25% with $1,443/mo rent. Return on cash invested shows 20.11% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 104.78% and total cumulative return in cash records $72,908. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,443/mo property income covering a $1,027/mo payment rather than investor’s personal income.
Single Family
Built in 2006
3,876 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50312, Des Moines, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,317 (100%) |
| Owner Occupied HU | 4,524 (54.4%) |
| Renter Occupied HU | 3,187 (38.3%) |
| Vacant Housing Units | 606 ( 7.3%) |
| Median Home Value | $380,171 |
| Average Home Value | $451,211 |
Housing Distribution
Address Breakdown
Residential
7,800
Single Family
4,803
Multi-Family
2,997
Businesses
458
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Listed by: Ernest Huffey • RE/MAX Revolution
Mls Name: DMMLS
Mls Provider:
Mls ID: #726335
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.