2223 NW Chapel LnAnkenyIA50023
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable, bankable, and well-priced, 2223 NW Chapel Ln, Ankeny, IA, 50023 in Ankeny delivers $2,140/mo in gross rent and $209/mo in net monthly income at a $258,000 entry. The 9.95% yield and 1.84 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $71,281 over five years and $2,376/yr in equity from loan paydown, total projected return is $112,812.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 7.2% |
| Monthly Cash Flow | $209 | $850 |
City averages based on Ankeny market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,140 |
| Total Monthly Debt Service | $1,828 |
| DSCR Ratio | 1.17x |
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 2014
2,918 sqft lot
$N/A/sqft
$255 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 2014
2,918 sqft lot
$N/A/sqft
$255 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Danielle Seifert • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #722435
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.