2413 W 1st 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 2413 W 1st St, Ankeny, IA, 50023 uses $55,692 cash to close to unlock $4,322/yr annual cash flow and $360/mo monthly cash flow. Total monthly income runs $1,686/mo, and a $822/mo payment keeps the spread at $360/mo. Purchase price stands at $168,000, and rental yield measures 12.04% with $1,686/mo rent. Return on cash invested shows 27.67% in year one, and 5% annual appreciation builds toward $46,415 over five years. Five-year ROI reaches 146.77% and total cumulative return in cash records $81,737. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,686/mo property income covering a $822/mo payment rather than investor’s personal income.
Townhouse
Built in 1990
871.20 sqft lot
$N/A/sqft
$235 monthly HOA
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Listed by: Lisa Nielsen • LPT Realty, LLC
Mls Name: CIBR
Mls Provider:
Mls ID: #68557
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.