1006 SE Michael DrAnkenyIA50021
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Ankeny at 1006 SE Michael Dr, Ankeny, IA, 50021 priced at $285,000 converts $2,189/mo rent into $327/mo cash flow after a $1,395/mo obligation. Total monthly income equals $2,189/mo, and annual cash flow totals $3,922/yr on $94,478 invested. Return on cash invested prints 24.06% in year one, and rental yield reads 9.22% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 125.56% and total cumulative return in cash sums $118,626. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,189/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Single Family
Built in 1984
9,234 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50021, Ankeny, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,241 (100%) |
| Owner Occupied HU | 9,358 (70.7%) |
| Renter Occupied HU | 3,177 (24.0%) |
| Vacant Housing Units | 706 ( 5.3%) |
| Median Home Value | $345,766 |
| Average Home Value | $362,006 |
Housing Distribution
Address Breakdown
Residential
13,385
Single Family
11,141
Multi-Family
2,244
Businesses
1,021
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Listed by: Danielle Seifert • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #705338
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.