2407 NE Oak Dr UNIT 3AnkenyIA50021
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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 2407 NE Oak Dr UNIT 3, Ankeny, IA, 50021 offers a 9.8% rental yield on a $227,500 purchase with $1,858/mo rent. Total monthly income registers $1,858/mo, and a $1,114/mo payment leaves $146/mo available for distribution. Annual cash flow reaches $1,752/yr on $75,416 to close, and return on cash invested stands at 22.23% in year one. Equity gained on principal adds $1,468/yr while 5% annual appreciation supports $62,854 over five years. Portfolio math shows five-year ROI at 117.03% and total cumulative return in cash at $88,262. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,858/mo property income against a $1,114/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2017
N/A lot
$N/A/sqft
$235 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: Kurt Clements • ListWithFreedom.com
Mls Name: DMMLS
Mls Provider:
Mls ID: #726218
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.