Condo Investment Properties for Sale in Ankeny, IA

$ 160,000
ROI
22.5
Cash Flow/m
124- 2 Bed
- 2 Bath
- 950 sft
405 SE Delaware Ave Unit 303, Ankeny, IA, 50021

$ 269,900
ROI
22.6
Cash Flow/m
216- 3 Bed
- 2 Bath
- 1036 sft
547 SW 46th St, Ankeny, IA, 50023

$ 143,000
ROI
22.4
Cash Flow/m
105- 2 Bed
- 1 Bath
- 950 sft
401 SE Delaware Ave Unit 205, Ankeny, IA, 50021

$ 163,000
ROI
26.3
Cash Flow/m
295- 2 Bed
- 2 Bath
- 1100 sft
301 SE Delaware Ave Unit 201, Ankeny, IA, 50021
Why Invest in Ankeny, Iowa?
Ankeny, IA condo investments offer strong potential for steady cash flow in this fast-growing Des Moines suburb. With excellent schools and proximity to major employers, demand remains high among young families and professionals. Rental yields average 7-9% while cap rates hover around 6%, supported by low vacancy rates under 5%. Annual appreciation of 3-5% and rising median rents make condos a smart entry point for investors. Population growth and new construction ensure long-term stability.
8.5%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$450/mo
Avg. Cash Flow
$1400/mo
Avg. Rent
4%
1Y Appreciation
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