247 SE Lowell DrAnkenyIA50021
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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
Rental property for sale in Ankeny at 247 SE Lowell Dr, Ankeny, IA, 50021 priced at $239,900 pairs $1,850/mo rent with $42/mo cash flow after a $1,174/mo payment. Total monthly income equals $1,850/mo, and annual cash flow comes to $506/yr on $79,527 invested. Return on cash invested is 20.55% in year one, and rental yield stands at 9.25% on a $239,900 basis. Equity gained on principal adds $1,548/yr, and 5% annual appreciation accumulates to $66,280 by year five. Five-year ROI measures 108.08% and total cumulative return in cash reaches $85,951. For financing, Ziffy Mortgage’s DSCR program evaluates $1,850/mo property income against a $1,174/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2001
1,611 sqft lot
$N/A/sqft
$250 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: Justin Marshall • RE/MAX Results
Mls Name: DMMLS
Mls Provider:
Mls ID: #715189
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.