Fix And Flip Investment Properties for Sale in Ankeny, IA
Fix & Flip
$ 215,000
ROI
27.0
Cash Flow/m
434- 3 Bed
- 1 Bath
- 969 sft
117 NE Bel Aire Rd, Ankeny, IA, 50021
Fix & Flip
Rental Income
$ 290,000
ROI
24.6Cash Flow/m
393- 3 Bed
- 2 Bath
- 1237 sft
113 NW Scott St, Ankeny, IA, 50023
Fix & Flip
$ 374,990
ROI
21.9Cash Flow/m
225- 4 Bed
- 3 Bath
- 1509 sft
3125 NE Fawn Ln, Ankeny, IA, 50021
Fix & Flip
$ 379,990
ROI
21.6Cash Flow/m
193- 4 Bed
- 3 Bath
- 1509 sft
314 NE Meadow Ln, Ankeny, IA, 50021
Why Invest in Ankeny, Iowa?
Ankeny, IA offers strong potential for fix-and-flip investments due to steady home price appreciation and a competitive market. Homes sell quickly after modest renovations, with median prices around $340K and recent annual growth of 9%. Proximity to Des Moines drives demand from young families seeking quality schools and suburban amenities. Low vacancy supports post-flip rental options if needed, with cap rates around 7-8%. Population growth and new construction signal continued upside through 2026.
15%
Avg. ROI
8%
Rental Yield
7.5%
Cap Rate
$450/mo
Avg. Cash Flow
$1800/mo
Avg. Rent
6%
1Y Appreciation
Frequently Asked Questions
Yes, with 6-9% annual appreciation and homes selling in 50-60 days. Focus on suburban family homes near schools for quick flips. Low vacancy aids holding costs if needed.
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