1606 SW Des Moines StAnkenyIA50023
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
Rental property for sale in Ankeny at 1606 SW Des Moines St, Ankeny, IA, 50023 generates $3,402/mo in rent, after a $4,111/mo payment. Total monthly income is $3,402/mo. Return on cash invested sits at 11.1% in year one, and rental yield is 4.86% on a $839,900 entry. Equity gained on principal adds $5,420/yr, while 5% annual appreciation builds toward $232,049 over five years. Five-year ROI reaches 56.01% and total cumulative return in cash sums $154,771. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,402/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
0.29 Acres lot
$N/A/sqft
$115 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David Schabold • LPT Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #709598
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.