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Values Hold at $296K, 34 Rentals Deep
Updated 7 days ago • 3 new comps
Your Investment Paths
Turnkey Rental
This property shows solid rental potential, with estimated monthly income ranging between $1,754 and $1,862. These figures align well with the local market, making this an attractive option for investors looking for steady monthly cash flow. With an impressive rental yield of approximately 8.34%, the home stands out as a strong income-generating asset. The stable market rate appreciation further supports this as a smart, long-term addition to any real estate portfolio.
More about this home
Neighborhood Assessment
2920 E Douglas Ave sits in Des Moines' Douglas Acres neighborhood, a stable east-side area with comps valuing similar 4-bed homes around $240K-$260K. Walkability's average, but low flood risk and moderate climate concerns make it solid. Nearby schools like Garton Elementary rate low at 2/10, which caps family appeal—you know, investors watch that closely. Comps show steady values, like 2910 E Douglas at $242K for 1,807 sqft. No big developments popping up, but the 0.34-acre lot offers room to expand. It's not flipping gold, but holds value in this working-class pocket.
Market Activity
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Rental Income
$22K
Yield
8.3%
Appreciation
$1K
Year 1 Estimates
Fix-and-Flip
Modernizing your home offers a clear path to standing out. Refreshed spaces command a price of roughly 158 dollars per square foot, a boost over the baseline 154 dollars, reflecting a 2.3 percent lift in value. These improvements make your property more competitive, potentially helping you reach the higher end of the 268,000 to 296,000 dollar price range. Renovated homes also attract better rental interest, supporting potential monthly income of 1,954 dollars.
Value Add
$6K
Appreciation
$1K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $268,000 and $296,000. These figures align well with neighborhood comps, suggesting a clear path to forced equity through targeted updates to the 1953 structure. Projected rental income of $1,954 per month delivers a healthy 8.3% yield. With moderate appreciation prospects and consistent demand for four-bedroom homes, this asset stands as a stable income generator for a long-term hold strategy.
Rental Income
$23K
Yield
8.3%
Appreciation
$1K
Year 1 Estimates, Post Typical Renovation
Estimated value
$260K
$29.6K below comp median
Comparative Market Analysis
$180K – $398K
~76 days to sell
Based on 8 comps
2920 E Douglas Ave, Des Moines Investment Report: Flip & Rental Analysis · Frontflip