2806 NW 38th 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 2806 NW 38th Ln, Ankeny, IA, 50023 offers a 8.65% rental yield on a $375,000 purchase with $2,703/mo rent. 79% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 98.58% and total cumulative return in cash at $122,547. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,703/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2020
4,878 sqft lot
$N/A/sqft
$350 monthly HOA
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Listed by: Ronda Dix • LPT Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #712757
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.