Birmingham Plan, The Grove Landing,Ankeny,IA,50023

Investment Highlights

Investment property for sale in Ankeny at Birmingham Plan, The Grove Landing, Ankeny, IA, 50023 offers a 8.22% rental yield on a $368,000 purchase with $2,521/mo rent. Total monthly income registers $2,521/mo, and a $1,801/mo payment leaves $131/mo available for distribution. Annual cash flow reaches $1,574/yr on $121,992 to close, and return on cash invested stands at 21.2% in year one. Equity gained on principal adds $2,375/yr while 5% annual appreciation supports $101,672 over five years. Portfolio math shows five-year ROI at 110.19% and total cumulative return in cash at $134,425. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,521/mo property income against a $1,801/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.