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

Investment Highlights

Rental property for sale in Ankeny at Nixon II Plan, The Reserve At The Grove, Ankeny, IA, 50023 priced at $311,000 converts $2,079/mo rent into $59/mo cash flow after a $1,522/mo obligation. Total monthly income equals $2,079/mo, and annual cash flow totals $713/yr on $103,097 invested. Return on cash invested prints 20.6% in year one, and rental yield reads 8.02% against a $311,000 entry. Equity gained on principal adds $2,007/yr, while 5% annual appreciation compiles into $85,924 by year five. Five-year ROI reaches 106.98% and total cumulative return in cash sums $110,289. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,079/mo property income covering a $1,522/mo payment, not borrower’s personal income.