1624 NW Prairie Lakes Dr APT 4AnkenyIA50023
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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 1624 NW Prairie Lakes Dr APT 4, Ankeny, IA, 50023 listed at $152,000 pairs $1,450/mo rent with a $744/mo payment to leave $252/mo cash flow. Total monthly income runs $1,450/mo, and annual cash flow reaches $3,022/yr on $50,388 cash to close. Return on cash invested measures 25.91% in year one, and rental yield registers 11.45% at a $152,000 basis. Equity gained on principal adds $981/yr, and annual property appreciation at 5% supports $41,995 by year five. Five-year ROI tracks 137.24% and total cumulative return in cash totals $69,154. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,450/mo property income relative to a $744/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2008
N/A lot
$N/A/sqft
$211 monthly HOA
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Listed by: Lisa Nielsen • LPT Realty, LLC
Mls Name: CIBR
Mls Provider:
Mls ID: #67780
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not accurate.