2202 NW 5th 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 2202 NW 5th St, Ankeny, IA, 50023 offers a 8.79% rental yield on a $299,900 purchase with $2,197/mo rent. Total monthly income registers $2,197/mo, and a $1,468/mo payment leaves $249/mo available for distribution. Annual cash flow reaches $2,990/yr on $99,417 to close, and return on cash invested stands at 22.92% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 119.4% and total cumulative return in cash at $118,708. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,197/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
9,321 sqft lot
$N/A/sqft
No HOA
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Listed by: Mark Charter • Agency Iowa
Mls Name: DMMLS
Mls Provider:
Mls ID: #719192
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.