1606 NW Benjamin 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 1606 NW Benjamin Dr, Ankeny, IA, 50023 uses $127,959 cash to close to unlock $2,721/yr annual cash flow and $227/mo monthly cash flow. Total monthly income runs $2,750/mo, and a $1,889/mo payment keeps the spread at $227/mo. Purchase price stands at $386,000, and rental yield measures 8.55% with $2,750/mo rent. Return on cash invested shows 22.04% in year one, and 5% annual appreciation builds toward $106,645 over five years. Five-year ROI reaches 114.7% and total cumulative return in cash records $146,772. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,750/mo property income covering a $1,889/mo payment rather than investor’s personal income.
Single Family
Built in 2025
0.25 Acres lot
$N/A/sqft
$200 annually HOA
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Listed by: Cody Bilyeu • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #717932
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.