3606 SW Greenwood 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 3606 SW Greenwood St, Ankeny, IA, 50023 offers a 9.94% rental yield on a $421,675 purchase with $3,493/mo rent. Total monthly income registers $3,493/mo, and a $2,064/mo payment leaves $754/mo available for distribution. Annual cash flow reaches $9,052/yr on $139,785 to close, and return on cash invested stands at 26.38% in year one. Equity gained on principal adds $2,721/yr while 5% annual appreciation supports $116,501 over five years. Portfolio math shows five-year ROI at 137.98% and total cumulative return in cash at $192,881. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,493/mo property income against a $2,064/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.36 Acres lot
$N/A/sqft
No HOA
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Listed by: Jill Budden • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #723423
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.