1317 SE Delaware Ave APT 11AnkenyIA50021
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1317 SE Delaware Ave APT 11, Ankeny, IA, 50021 generates $1,766/mo in rent and, after a $920/mo payment, leaves $288/mo in cash flow. Total monthly income is $1,766/mo, and annual cash flow is $3,458/yr on $62,322 invested. Return on cash invested sits at 25.46% in year one, and rental yield is 11.27% on a $188,000 entry. Equity gained on principal adds $1,213/yr, while 5% annual appreciation builds toward $51,941 over five years. Five-year ROI reaches 134.87% and total cumulative return in cash sums $84,056. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,766/mo property income rather than buyer’s personal income.
Condo
Built in 1995
3,920 sqft lot
$N/A/sqft
$3,084 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ryan Sisson • Iowa Realty
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202405577
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.