318 SE 4th StAnkenyIA50021
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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 318 SE 4th St, Ankeny, IA, 50021 uses $86,522 cash to close to unlock $1,901/yr annual cash flow and $158/mo monthly cash flow. Total monthly income runs $1,853/mo, and a $1,277/mo payment keeps the spread at $158/mo. Purchase price stands at $261,000, and rental yield measures 8.52% with $1,853/mo rent. Return on cash invested shows 22.11% in year one, and 5% annual appreciation builds toward $72,109 over five years. Five-year ROI reaches 115.04% and total cumulative return in cash records $99,535. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,853/mo property income covering a $1,277/mo payment rather than investor’s personal income.
Single Family
Built in 1958
0.25 Acres 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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Listed by: Tom Butler • Keller Williams Realty GDM
Mls Name: DMMLS
Mls Provider:
Mls ID: #723613
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.