4406 NE Mongoose LnAnkenyIA50021
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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 4406 NE Mongoose Ln, Ankeny, IA, 50021 priced at $232,990 converts $2,306/mo rent into $618/mo cash flow after a $1,140/mo obligation. Total monthly income equals $2,306/mo, and annual cash flow totals $7,419/yr on $77,236 invested. Return on cash invested prints 29.51% in year one, and rental yield reads 11.88% against a $232,990 entry. Equity gained on principal adds $1,503/yr, while 5% annual appreciation compiles into $64,371 by year five. Five-year ROI reaches 155.78% and total cumulative return in cash sums $120,321. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,306/mo property income covering a $1,140/mo payment, not borrower’s personal income.
Condo
Built in 2024
1,176 sqft lot
$N/A/sqft
$175 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: Kathryn Greer • DRH Realty of Iowa, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #695238
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.