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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Des Moines at Newcastle Plan, Ruby Rose Ridge, Des Moines, IA, 50317 priced at $300,000 converts $1,674/mo rent into after a $1,468/mo obligation. Total monthly income equals $1,674/mo. Return on cash invested prints 16.6% in year one, and rental yield reads 6.7% against a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 85.5% and total cumulative return in cash sums $85,032. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,674/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50317, Des Moines, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,159 (100%) |
| Owner Occupied HU | 10,616 (65.7%) |
| Renter Occupied HU | 4,615 (28.6%) |
| Vacant Housing Units | 928 ( 5.7%) |
| Median Home Value | $194,343 |
| Average Home Value | $254,761 |
Residential
15,138
Single Family
14,021
Multi-Family
1,117
Businesses
755
Date | Event | Price |
|---|---|---|
| 2024-10-02 | Price change | $300,000 |
| 2024-05-09 | Listed for sale | $296,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Julie Moulton • Destiny Homes
Mls Name: Destiny Homes
Mls Provider:
Mls ID: #N/A
