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

Investment Highlights

Investment property for sale in Ankeny at Hoover Plan, The Grove Landing, Ankeny, IA, 50023 with 5% annual appreciation on a $315,500 basis while $2,290/mo rent supports operations. Total monthly income totals $2,290/mo and a $1,544/mo payment preserves $241/mo for cash returns. Annual cash flow comes to $2,894/yr on $104,588 deployed, and return on cash invested reaches 22.68% in year one. Equity gained on principal adds $2,036/yr, and five-year appreciation sums $87,167 alongside rental yield of 8.71%. Five-year ROI measures 118.11% and total cumulative return in cash totals $123,534.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,290/mo property income versus a $1,544/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.