2005 SW 35th St #302AnkenyIA50021
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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 2005 SW 35th St #302, Ankeny, IA, 50021 listed at $216,500 pairs $1,717/mo rent with a $1,060/mo payment to leave $170/mo cash flow. Total monthly income runs $1,717/mo, and annual cash flow reaches $2,043/yr on $71,770 cash to close. Return on cash invested measures 22.76% in year one, and rental yield registers 9.52% at a $216,500 basis. Equity gained on principal adds $1,397/yr, and annual property appreciation at 5% supports $59,815 by year five. Five-year ROI tracks 119.4% and total cumulative return in cash totals $85,696. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,717/mo property income relative to a $1,060/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2004
N/A lot
$N/A/sqft
$140 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
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Listed by: JoAnn Dorenkamp • LPT Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #717309
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.