1009 NW Orchard DrAnkenyIA50023
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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 Ankeny at 1009 NW Orchard Dr, Ankeny, IA, 50023 offers a 9.78% rental yield on a $380,000 purchase with $3,097/mo rent. Total monthly income registers $3,097/mo, and a $1,860/mo payment leaves $612/mo available for distribution. Annual cash flow reaches $7,348/yr on $125,970 to close, and return on cash invested stands at 25.74% in year one. Equity gained on principal adds $2,452/yr while 5% annual appreciation supports $104,987 over five years. Portfolio math shows five-year ROI at 134.6% and total cumulative return in cash at $169,561. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,097/mo property income against a $1,860/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
8,494 sqft lot
$N/A/sqft
$200 annually HOA
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Listed by: Barb Wiedenman • Spire Real Estate
Mls Name: DMMLS
Mls Provider:
Mls ID: #667004
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.