2804 NW Lois LnAnkenyIA50023
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 2804 NW Lois Ln, Ankeny, IA, 50023 in Ankeny deserves attention. This $237,500 property earns $2,322/mo in rent, a 11.73% gross yield, and nets $748/mo after the $1,068/mo payment. DSCR 2.17 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $65,617 compounds alongside $2,187/yr in yearly equity build, for a total cumulative return of $138,601.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 7.2% |
| Monthly Cash Flow | $748 | $850 |
City averages based on Ankeny market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,322 |
| Total Monthly Debt Service | $1,480 |
| DSCR Ratio | 1.57x |
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.
Townhouse
Built in 2017
1,306 sqft lot
$N/A/sqft
$175 annually 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
Townhouse
Built in 2017
1,306 sqft lot
$N/A/sqft
$175 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Flanders Team • RE/MAX REAL ESTATE CENTER
Mls Name: CIBR
Mls Provider:
Mls ID: #67193
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.