1316 NE 47th 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
Rental property for sale in Ankeny at 1316 NE 47th St, Ankeny, IA, 50021 generates $3,649/mo in rent and, after a $2,594/mo payment, leaves $138/mo in cash flow. Total monthly income is $3,649/mo, and annual cash flow is $1,659/yr on $174,337 invested. Return on cash invested sits at 21.01% in year one, and rental yield is 8.26% on a $529,900 entry. Equity gained on principal adds $3,419/yr, while 5% annual appreciation builds toward $146,402 over five years. Five-year ROI reaches 109.32% and total cumulative return in cash sums $190,583. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,649/mo property income rather than buyer’s personal income.
Single Family
Built in 2014
0.32 Acres lot
$N/A/sqft
$75 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: Jodie Hawley • Iowa Realty Altoona
Mls Name: DMMLS
Mls Provider:
Mls ID: #704920
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.