411 SE Delaware Ave UNIT 304AnkenyIA50021
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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 411 SE Delaware Ave UNIT 304, Ankeny, IA, 50021 uses $54,035 cash to close to unlock $2,642/yr annual cash flow and $220/mo monthly cash flow. Total monthly income runs $1,590/mo, and a $798/mo payment keeps the spread at $220/mo. Purchase price stands at $163,000, and rental yield measures 11.71% with $1,590/mo rent. Return on cash invested shows 24.8% in year one, and 5% annual appreciation builds toward $45,034 over five years. Five-year ROI reaches 132.06% and total cumulative return in cash records $71,359. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,590/mo property income covering a $798/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$311 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: Donna Meador • Century 21 Signature
Mls Name: DMMLS
Mls Provider:
Mls ID: #724784
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.