2504 NE 13th CtAnkenyIA50021
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 2504 NE 13th Ct, Ankeny, IA, 50021 in Ankeny. Rental yield 5.44%. At $710,000 with 5.44% gross yield, current distributions are modest, but the 5% appreciation rate projects $196,160 in new equity by year five, complemented by $6,539/yr in principal paydown. Ziffy Mortgage's DSCR loan (1.01) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $179,229.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.4% | 7.2% |
| Monthly Cash Flow | $(1,415) | $850 |
City averages based on Ankeny market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,217 |
| Total Monthly Debt Service | $4,349 |
| DSCR Ratio | 0.74x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2015
0.40 Acres lot
$N/A/sqft
$250 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2015
0.40 Acres lot
$N/A/sqft
$250 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Schwiete, Alex • LPT Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #713469
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.