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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Ankeny, IA
Listed for sale 1 day ago
$ 175,000
ROI
25.1
Cash Flow/m
262- 2 Bed
- 2 Bath
- 1140 sft
301 SE Delaware Ave Unit 302, Ankeny, IA, 50021
Listed for sale 4 days ago
$ 174,000
ROI
20.6Cash Flow/m
41- 2 Bed
- 2 Bath
- 1056 sft
1218 SE Village View Ln, Ankeny, IA, 50021
Listed for sale 6 days ago
$ 199,900
ROI
27.5Cash Flow/m
432- 2 Bed
- 2 Bath
- 1168 sft
2702 NE Oak Dr Unit 8, Ankeny, IA, 50021
Listed for sale 7 days ago
$ 177,900
ROI
23.8Cash Flow/m
198- 2 Bed
- 2 Bath
- 1056 sft
1243 SE Village View Ln, Ankeny, IA, 50021
Why Invest in Ankeny, Iowa?
Discover investment opportunities in Ankeny, IA under $200k, where affordable entry points meet steady rental demand. The Des Moines suburb offers **rental yields** around 7-8% and **cap rates** of 6-7% for budget properties. Proximity to major employers drives consistent cash flow, with **average rents** holding strong. **Appreciation** averages 4% annually amid population growth. Low vacancy supports reliable returns for hands-off investors.
9.2%
Avg. ROI
7.5%
Rental Yield
6.8%
Cap Rate
$450/mo
Avg. Cash Flow
$1250/mo
Avg. Rent
4.1%
1Y Appreciation
Frequently Asked Questions
Yes, condos and townhomes under $200k exist, ideal for rental conversions. These properties often yield positive cash flow due to strong local demand. Focus on northeast neighborhoods for best value.
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