202 NW College AveAnkenyIA50023
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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
Rental property for sale in Ankeny at 202 NW College Ave, Ankeny, IA, 50023 offers $4,150/mo rent that, after a $2,937/mo payment, leaves $253/mo cash flow. Total monthly income is $4,150/mo, and annual cash flow is $3,036/yr on $197,400 cash. Return on cash invested measures 21.6% in year one, and rental yield stands at 8.3% at a $600,000 entry. Equity gained on principal adds $3,872/yr while 5% annual appreciation compounds into $165,769 by year five. Five-year ROI records 112.26% and total cumulative return in cash reaches $221,604. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,150/mo property income versus a $2,937/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1967
0.49 Acres lot
$N/A/sqft
No HOA
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Listed by: Emma Jordison • Century 21 Signature
Mls Name: DMMLS
Mls Provider:
Mls ID: #712695
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.