1409 SE Delaware Ave APT 9AnkenyIA50021
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
Investment property for sale in Ankeny at 1409 SE Delaware Ave APT 9, Ankeny, IA, 50021 earns $445/mo cash flow from $1,661/mo rent with a $905/mo payment. Total monthly income totals $1,661/mo, and annual cash flow totals $5,335/yr on $61,328 capital. ROI tracks 28.61% on current figures, and rental yield reads 10.77% at a $185,000 purchase. Equity gained on principal adds $1,194/yr, and 5% annual appreciation supports $51,112 over five years. Five-year ROI reaches 150.02% and total cumulative return in cash sums $92,007. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,661/mo property income instead of your personal income.
Townhouse
Built in 2000
871.20 sqft lot
$N/A/sqft
$185 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: Paula Swenson • Re/Max Precision Ankeny Uptown
Mls Name: CIBR
Mls Provider:
Mls ID: #67036
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not accurate.