2910 W 1st StAnkenyIA50023
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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 2910 W 1st St, Ankeny, IA, 50023 offers a 9.28% rental yield on a $260,100 purchase with $2,011/mo rent. Total monthly income registers $2,011/mo, and a $1,273/mo payment leaves $147/mo available for distribution. Annual cash flow reaches $1,762/yr on $86,223 to close, and return on cash invested stands at 21.95% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,861 over five years. Portfolio math shows five-year ROI at 115.08% and total cumulative return in cash at $99,229. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,011/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1989
2,134 sqft lot
$N/A/sqft
$175 monthly HOA
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Listed by: Allison Hart • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #717632
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.