1624 NW Prairie Lakes Dr APT 4AnkenyIA50023
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Ankeny rental at 1624 NW Prairie Lakes Dr APT 4, Ankeny, IA, 50023 sits in the solid-income band: 11.45% gross yield, $1,450/mo rent, $252/mo net after the $683/mo debt service, DSCR 2.12. Entry price of $152,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $41,995 and $1,400/yr in principal reduction bring total cumulative return to $75,005.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 7.2% |
| Monthly Cash Flow | $252 | $850 |
City averages based on Ankeny market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,450 |
| Total Monthly Debt Service | $1,138 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2008
N/A lot
$N/A/sqft
$211 monthly HOA
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
Condo
Built in 2008
N/A lot
$N/A/sqft
$211 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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.