Condo Investment Properties for Sale in West Des Moines, IA
Listed for sale 4 days ago
$ 180,000
ROI
25.5
Cash Flow/m
286- 2 Bed
- 2 Bath
- 1185 sft
6350 Coachlight Dr Unit 2201, West Des Moines, IA, 50266
$ 147,000
ROI
20.8Cash Flow/m
40- 2 Bed
- 2 Bath
- 960 sft
4910 Pleasant St Unit 14, West Des Moines, IA, 50266
$ 165,000
ROI
20.4Cash Flow/m
28- 2 Bed
- 3 Bath
- 1114 sft
8601 Westown Pkwy Unit 10106, West Des Moines, IA, 50266
$ 138,000
ROI
20.2Cash Flow/m
17- 2 Bed
- 2 Bath
- 898 sft
5221 Boulder Dr Unit 7, West Des Moines, IA, 50265
Why Invest in West Des Moines, Iowa?
West Des Moines, IA offers strong opportunities for condo investors seeking stable rental income in a growing suburb. The local market shows steady home value appreciation around 1.5% annually with median prices near $317,000. Renter-occupied housing remains high at 35%, supported by employment hubs and balanced inventory. Cap rates hover at 5.5% with average rents of $1,450, delivering reliable cash flow. Infrastructure improvements and low vacancy rates enhance long-term returns.
7.2%
Avg. ROI
5.8%
Rental Yield
5.5%
Cap Rate
$420/mo
Avg. Cash Flow
$1450/mo
Avg. Rent
1.5%
1Y Appreciation
Frequently Asked Questions
Average cap rates reach 5.5% with rental yields around 5.8%. Cash flow averages $420 monthly on typical units. Appreciation supports steady equity growth at 1.5% annually.
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