1331 NE 59th LnAnkenyIA50021
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.97% yield at 1331 NE 59th Ln, Ankeny, IA, 50021 in Ankeny is solid, but the $1,088/mo payment compresses net cash flow to $53/mo at $241,990. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $66,857 by year five, and $2,229/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.66) without U.S. income documentation. Total projected return: $96,335.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 7.2% |
| Monthly Cash Flow | $53 | $850 |
City averages based on Ankeny market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,810 |
| Total Monthly Debt Service | $1,660 |
| DSCR Ratio | 1.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2025
1,437 sqft lot
$N/A/sqft
$185 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
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
Condo
Built in 2025
1,437 sqft lot
$N/A/sqft
$185 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathryn Greer • DRH Realty of Iowa, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #711714
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.