1509 SE Delaware Ave APT 11AnkenyIA50021
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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 1509 SE Delaware Ave APT 11, Ankeny, IA, 50021 earns $146/mo cash flow from $1,312/mo rent with a $879/mo payment. Total monthly income totals $1,312/mo, and annual cash flow totals $1,750/yr on $59,504 capital. ROI tracks 22.85% on current figures, and rental yield reads 8.77% at a $179,500 purchase. Equity gained on principal adds $1,158/yr, and 5% annual appreciation supports $49,593 over five years. Five-year ROI reaches 119.03% and total cumulative return in cash sums $70,828. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,312/mo property income instead of your personal income.
Condo
Built in 1999
1,263 sqft lot
$N/A/sqft
No 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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