Save Search
Filters Applied
EditEdit Filters
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
$ 165,000
ROI
28.8
Cash Flow/m
415- 2 Bed
- 2 Bath
- 1214 sft
1117 NE 5th Ln Unit 9, Ankeny, IA, 50021
Listed for sale 1 day ago
$ 160,000
ROI
27.4Cash Flow/m
341- 2 Bed
- 1 Bath
- 1140 sft
411 SE Delaware Ave Unit 310, Ankeny, IA, 50021
$ 170,000
ROI
21.8Cash Flow/m
97- 2 Bed
- 2 Bath
- 1056 sft
3151 SW Sharmin Ln, Ankeny, IA, 50023
$ 173,000
ROI
23.8Cash Flow/m
195- 2 Bed
- 2 Bath
- 992 sft
733 NW Greenwood St #20, Ankeny, IA, 50023
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.
Find Your Perfect Investment Property in Ankeny, Iowa
Explore investment opportunities by strategy, performance, or property type
