2702 NW Kate Shelley LnAnkenyIA50023
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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 2702 NW Kate Shelley Ln, Ankeny, IA, 50023 uses $79,527 cash to close to unlock $1,766/yr annual cash flow and $147/mo monthly cash flow. Total monthly income runs $1,890/mo, and a $1,174/mo payment keeps the spread at $147/mo. Purchase price stands at $239,900, and rental yield measures 9.45% with $1,890/mo rent. Return on cash invested shows 22.13% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 116.21% and total cumulative return in cash records $92,419. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,890/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Condo
Built in 2019
1,611 sqft lot
$N/A/sqft
$185 monthly HOA
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Listed by: Kaity Gale • Goodall Properties LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #716499
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