202 SW School StAnkenyIA50023
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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 202 SW School St, Ankeny, IA, 50023 listed at $258,702 pairs $1,812/mo rent with a $1,266/mo payment to leave $132/mo cash flow. Total monthly income runs $1,812/mo, and annual cash flow reaches $1,585/yr on $85,760 cash to close. Return on cash invested measures 21.76% in year one, and rental yield registers 8.41% at a $258,702 basis. Equity gained on principal adds $1,669/yr, and annual property appreciation at 5% supports $71,475 by year five. Five-year ROI tracks 113.19% and total cumulative return in cash totals $97,074. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,812/mo property income relative to a $1,266/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
10,018 sqft lot
$N/A/sqft
No HOA
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Listed by: Heather Knittel • RE/MAX REAL ESTATE CENTER
Mls Name: CIBR
Mls Provider:
Mls ID: #67257
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.