120 NW Georgetown Blvd UNIT 2AnkenyIA50023
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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 120 NW Georgetown Blvd UNIT 2, Ankeny, IA, 50023 earns $3/mo cash flow from $1,792/mo rent with a $1,167/mo payment. Total monthly income totals $1,792/mo, and annual cash flow totals $41/yr on $79,063 capital. ROI tracks 19.96% on current figures, and rental yield reads 9.02% at a $238,500 purchase. Equity gained on principal adds $1,539/yr, and 5% annual appreciation supports $65,893 over five years. Five-year ROI reaches 104.88% and total cumulative return in cash sums $82,919. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,792/mo property income instead of your personal income.
Condo
Built in 1995
6,621 sqft lot
$N/A/sqft
$240 monthly HOA
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Listed by: Chinh Nguyen • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #718573
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.