Adams II Plan, The Reserve At The Grove,Ankeny,IA,50023

Investment Highlights

Rental property for sale in Ankeny at Adams II Plan, The Reserve At The Grove, Ankeny, IA, 50023 priced at $318,000 pairs $2,526/mo rent with $461/mo cash flow after a $1,556/mo payment. Total monthly income equals $2,526/mo, and annual cash flow comes to $5,534/yr on $105,417 invested. Return on cash invested is 25.16% in year one, and rental yield stands at 9.53% on a $318,000 basis. Equity gained on principal adds $2,052/yr, and 5% annual appreciation accumulates to $87,858 by year five. Five-year ROI measures 131.43% and total cumulative return in cash reaches $138,551. For financing, Ziffy Mortgage’s DSCR program evaluates $2,526/mo property income against a $1,556/mo payment instead of your W2s, 1099s, or Tax returns.