2704 SW 24th 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 2704 SW 24th Ln, Ankeny, IA, 50023 uses $101,108 cash to close to unlock $5,316/yr annual cash flow and $443/mo monthly cash flow. Total monthly income runs $2,574/mo, and a $1,493/mo payment keeps the spread at $443/mo. Purchase price stands at $305,000, and rental yield measures 10.13% with $2,574/mo rent. Return on cash invested shows 25.17% in year one, and 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 132.07% and total cumulative return in cash records $133,534. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,574/mo property income covering a $1,493/mo payment rather than investor’s personal income.
Condo
Built in 2022
1,873 sqft lot
$N/A/sqft
$150 monthly HOA
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Listed by: Jenny Leazer • Weichert, Realtors - 515 Agency
Mls Name: DMMLS
Mls Provider:
Mls ID: #724559
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