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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 2 days ago
$ 164,900
ROI
20.1
Cash Flow/m
16- 3 Bed
- 2 Bath
- 1214 sft
1207 NE 5th Ln Unit C8, Ankeny, IA, 50021
$ 170,000
ROI
20.4Cash Flow/m
31- 3 Bed
- 2 Bath
- 1177 sft
1624 NW Prairie Lakes Dr APT 7, Ankeny, IA, 50023
$ 184,900
ROI
20.7Cash Flow/m
48- 2 Bed
- 3 Bath
- 1162 sft
1110 SE Mill Pond Ct, Ankeny, IA, 50021
$ 200,000
ROI
23.6Cash Flow/m
214- 2 Bed
- 2 Bath
- 1168 sft
2407 NE Oak Dr UNIT 4, 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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