1117 NW Prairie Ridge DrAnkenyIA50023
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1117 NW Prairie Ridge Dr, Ankeny, IA, 50023 offers a 11.08% rental yield on a $225,000 purchase with $2,077/mo rent. Total monthly income registers $2,077/mo, and a $1,101/mo payment leaves $396/mo available for distribution. Annual cash flow reaches $4,752/yr on $74,588 to close, and return on cash invested stands at 26.28% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 138.68% and total cumulative return in cash at $103,437. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,077/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2001
1,785 sqft lot
$N/A/sqft
$220 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeffrey Hagel • Jeff Hagel Real Estate
Mls Name: DMMLS
Mls Provider:
Mls ID: #723670
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.