117 SW Walnut St,Ankeny,IA,50023

Investment Highlights

Investment property for sale in Ankeny at 117 SW Walnut St, Ankeny, IA, 50023 listed at $359,900 pairs $3,215/mo rent with a $1,762/mo payment to leave $877/mo cash flow. Total monthly income runs $3,215/mo, and annual cash flow reaches $10,526/yr on $119,307 cash to close. Return on cash invested measures 28.73% in year one, and rental yield registers 10.72% at a $359,900 basis. Equity gained on principal adds $2,322/yr, and annual property appreciation at 5% supports $99,434 by year five. Five-year ROI tracks 150.59% and total cumulative return in cash totals $179,666. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,215/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).