330 NW Watercrest Dr, Ankeny, IA, 50023 | $270/mo Cash Flow

For Sale

Listed for sale 1 day ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Ankeny at 330 NW Watercrest Dr, Ankeny, IA, 50023 listed at $380,000 pairs $2,738/mo rent with a $1,860/mo payment to leave $270/mo cash flow. Total monthly income runs $2,738/mo, and annual cash flow reaches $3,240/yr on $125,970 cash to close. Return on cash invested measures 22.48% in year one, and rental yield registers 8.65% at a $380,000 basis. Equity gained on principal adds $2,452/yr, and annual property appreciation at 5% supports $104,987 by year five. Five-year ROI tracks 117.03% and total cumulative return in cash totals $147,421. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,738/mo property income relative to a $1,860/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2003

0.29 Acres lot

$N/A/sqft

No HOA

More details about the property

This turn-key ranch sits on a large lot with a fenced-in backyard in a wonderful NW Ankeny neighborhood. You're welcomed to an 1,758 sqft floor plan with sprawling windows & a neutral color palette. A formal dining area/office sits at the front of the home. The great room features oversized windows with views of the lovely backyard. The kitchen boasts hardwood floors, abundant cabinetry, two-tier island, tile backsplash, stainless appliances & opens to an eat-in dining nook. Off the kitchen enjoy a hearth room with a cozy fireplace & slider access to the large, covered & uncovered deck. The spacious primary en-suite has a tray ceiling, dual vanities, jetted tub, tile shower & walk-in closet. 2 additional generous-sized bedrooms share a full bathroom. Find the laundry conveniently located in the mudroom or additional hookups in the lower level. The unfinished walkout lower level offers plenty of space to finish a 2nd living area, 4th bedroom & lots storage space. Outdoor living is a highlight from the fenced-in backyard, mature trees & oversized covered/uncovered deck! All conveniently within minutes from schools, dining, shopping, Prairie Trail & Saylorville Lake.