509 NW Chapel DrAnkenyIA50023
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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 509 NW Chapel Dr, Ankeny, IA, 50023 uses $74,588 cash to close to unlock $6,366/yr annual cash flow and $531/mo monthly cash flow. Total monthly income runs $2,005/mo, and a $1,101/mo payment keeps the spread at $531/mo. Purchase price stands at $225,000, and rental yield measures 10.69% with $2,005/mo rent. Return on cash invested shows 28.44% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 149.12% and total cumulative return in cash records $111,225. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,005/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1977
8,537 sqft lot
$N/A/sqft
No HOA
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Listed by: Tiffany Marcum • The American Real Estate Co.
Mls Name: DMMLS
Mls Provider:
Mls ID: #714045
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.