Harrison III Plan, The Grove Landing,Ankeny,IA,50023

Investment Highlights

Rental property for sale in Ankeny at Harrison III Plan, The Grove Landing, Ankeny, IA, 50023 offers $2,460/mo rent that, after a $1,701/mo payment, leaves $203/mo cash flow. Total monthly income is $2,460/mo, and annual cash flow is $2,436/yr on $115,196 cash. Return on cash invested measures 22.02% in year one, and rental yield stands at 8.49% at a $347,500 entry. Equity gained on principal adds $2,242/yr while 5% annual appreciation compounds into $96,008 by year five. Five-year ROI records 114.56% and total cumulative return in cash reaches $131,973. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,460/mo property income versus a $1,701/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.