1009 SE Rio 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
Investment property for sale in Ankeny at 1009 SE Rio Dr, Ankeny, IA, 50021 offers a 9.05% rental yield on a $279,000 purchase with $2,104/mo rent. Total monthly income registers $2,104/mo, and a $1,366/mo payment leaves $286/mo available for distribution. Annual cash flow reaches $3,427/yr on $92,489 to close, and return on cash invested stands at 23.61% in year one. Equity gained on principal adds $1,800/yr while 5% annual appreciation supports $77,083 over five years. Portfolio math shows five-year ROI at 123.16% and total cumulative return in cash at $113,911. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,104/mo property income against a $1,366/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
8,537 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: Greg Ploeger • RE/MAX Hilltop
Mls Name: DMMLS
Mls Provider:
Mls ID: #720643
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.