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

Investment Highlights

Rental property for sale in Ankeny at Harrison IV Plan, The Grove Landing, Ankeny, IA, 50023 offers $2,755/mo rent that, after a $1,723/mo payment, leaves $469/mo cash flow. Total monthly income is $2,755/mo, and annual cash flow is $5,626/yr on $116,688 cash. Return on cash invested measures 24.73% in year one, and rental yield stands at 9.39% at a $352,000 entry. Equity gained on principal adds $2,271/yr while 5% annual appreciation compounds into $97,251 by year five. Five-year ROI records 129.09% and total cumulative return in cash reaches $150,630. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,755/mo property income versus a $1,723/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.