1116 NE 5th Ln UNIT E14AnkenyIA50021
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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 1116 NE 5th Ln UNIT E14, Ankeny, IA, 50021 earns $353/mo cash flow from $1,530/mo rent with a $751/mo payment. Total monthly income totals $1,530/mo, and annual cash flow totals $4,241/yr on $50,885 capital. ROI tracks 28.24% on current figures, and rental yield reads 11.96% at a $153,500 purchase. Equity gained on principal adds $991/yr, and 5% annual appreciation supports $42,409 over five years. Five-year ROI reaches 149.54% and total cumulative return in cash sums $76,093. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,530/mo property income instead of your personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
$180 monthly 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: Andrew Bruellman • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #720604
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.