Owner
$243,160
545 9TH ST, WEST DES MOINES, IA
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
2
sq. ft.
1,288
property type
Single Family Residential
hoa
No
About
Residential
Average Condition
Living Area
Garage
1 Story
Unspecified Basement
Forced Air Unit
Frame
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1950
Building Size
1,288 sq ft
Lot Size
7,272 sq ft
Lot Size (Acres)
0.17 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
320/03784-000-000
County
Polk County, Iowa
Metro Area
Des Moines-West Des Moines, IA
Zoning
—
Neighborhood/Subdivision
NUTTALLS ADD TO VAL JUNCT PLT2
Lot Number
83
School District
West Des Moines Community School District
Legal Description
-EX S 3F- LOT 83 NUTTALLS ADD TO VALLEY JUNCTION PLT 2
Tax & Value Information
Market Value (Total)
$224,000
Building Value
$181,700
Land Value
$42,300
Annual Property Tax
$3,384
Tax Assessment Year
2024
Assessed Value
$224,000
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
—
Recording Date
—
Sales Document #
—
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$9,409
Return on Investment
15.60%
After Repair Value
$267,476
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$218,844
Renovation Cost
$12,158
Closing Costs (buying)
$4,377
Holding Costs
$6,640
Selling Costs
$16,049
Total Investment
$60,304
After Repair Value (ARV)
$267,476
Total Costs
$258,067
Estimated Profit
$9,409
Cash Invested
$55,927
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area