218 NE Mandy LnAnkenyIA50021
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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 218 NE Mandy Ln, Ankeny, IA, 50021 listed at $347,500 pairs $2,315/mo rent with a $1,701/mo payment to leave $58/mo cash flow. Total monthly income runs $2,315/mo, and annual cash flow reaches $696/yr on $115,196 cash to close. Return on cash invested measures 20.51% in year one, and rental yield registers 7.99% at a $347,500 basis. Equity gained on principal adds $2,242/yr, and annual property appreciation at 5% supports $96,008 by year five. Five-year ROI tracks 106.48% and total cumulative return in cash totals $122,661. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,315/mo property income relative to a $1,701/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1992
8,232 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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