Polk Plan, The Reserve At The Grove,Ankeny,IA,50023

Investment Highlights

Rental property for sale in Ankeny at Polk Plan, The Reserve At The Grove, Ankeny, IA, 50023 priced at $309,500 converts $2,074/mo rent into $64/mo cash flow after a $1,515/mo obligation. Total monthly income equals $2,074/mo, and annual cash flow totals $766/yr on $102,599 invested. Return on cash invested prints 20.66% in year one, and rental yield reads 8.04% against a $309,500 entry. Equity gained on principal adds $1,997/yr, while 5% annual appreciation compiles into $85,509 by year five. Five-year ROI reaches 107.25% and total cumulative return in cash sums $110,034. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,074/mo property income covering a $1,515/mo payment, not borrower’s personal income.