9742 Turnpoint DrWest 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
Investment property for sale in West Des Moines at 9742 Turnpoint Dr, West Des Moines, IA, 50266 offers a 8.26% rental yield on a $329,000 purchase with $2,265/mo rent. 45% in year one. Equity gained on principal adds $2,123/yr while 5% annual appreciation supports $90,897 over five years. Portfolio math shows five-year ROI at 101.48% and total cumulative return in cash at $110,673. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,265/mo property income against a $1,610/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2020
2,178 sqft lot
$N/A/sqft
$170 monthly 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: Katie Fliehler • RE/MAX Precision
Mls Name: DMMLS
Mls Provider:
Mls ID: #716210
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.