1370 SW Magazine Rd UNIT 202,Ankeny,IA,50023

Investment Highlights

Rental property for sale in Ankeny at 1370 SW Magazine Rd UNIT 202, Ankeny, IA, 50023 generates $942/mo in rent and, after a $595/mo payment, leaves $153/mo in cash flow. Total monthly income is $942/mo, and annual cash flow is $1,832/yr on $40,269 invested. Return on cash invested sits at 24.46% in year one, and rental yield is 9.31% on a $121,475 entry. Equity gained on principal adds $784/yr, while 5% annual appreciation builds toward $33,561 over five years. Five-year ROI reaches 127.67% and total cumulative return in cash sums $51,410. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $942/mo property income rather than buyer’s personal income.