2903 SW School 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 2903 SW School Ln, Ankeny, IA, 50023 offers a 8.11% rental yield on a $349,900 purchase with $2,366/mo rent. 14% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,671 over five years. Portfolio math shows five-year ROI at 94.79% and total cumulative return in cash at $109,950. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,366/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2018
5,575 sqft lot
$N/A/sqft
$250 monthly HOA
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Listed by: Teresa Knox • Iowa Realty Ankeny
Mls Name: DMMLS
Mls Provider:
Mls ID: #718467
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