502 NW 10th 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 502 NW 10th St, Ankeny, IA, 50023 listed at $325,000 pairs $2,316/mo rent with a $1,591/mo payment to leave $205/mo cash flow. Total monthly income runs $2,316/mo, and annual cash flow reaches $2,460/yr on $107,738 cash to close. Return on cash invested measures 22.19% in year one, and rental yield registers 8.55% at a $325,000 basis. Equity gained on principal adds $2,097/yr, and annual property appreciation at 5% supports $89,792 by year five. Five-year ROI tracks 115.48% and total cumulative return in cash totals $124,417. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,316/mo property income relative to a $1,591/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1992
0.28 Acres lot
$N/A/sqft
No HOA
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Listed by: Kristen Geiger • RE/MAX Precision
Mls Name: DMMLS
Mls Provider:
Mls ID: #712762
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.