1304 NE 55th StAnkenyIA50021
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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 1304 NE 55th St, Ankeny, IA, 50021 listed at $380,990 pairs $2,893/mo rent with a $1,865/mo payment to leave $404/mo cash flow. Total monthly income runs $2,893/mo, and annual cash flow reaches $4,846/yr on $126,298 cash to close. Return on cash invested measures 23.75% in year one, and rental yield registers 9.11% at a $380,990 basis. Equity gained on principal adds $2,458/yr, and annual property appreciation at 5% supports $105,261 by year five. Five-year ROI tracks 123.87% and total cumulative return in cash totals $156,443. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,893/mo property income relative to a $1,865/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
0.27 Acres lot
$N/A/sqft
$175 annually 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: Kathryn Greer • DRH Realty of Iowa, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #696158
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.