4809 NE Grove 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 4809 NE Grove Ln, Ankeny, IA, 50021 offers $1,835/mo rent that, after a $989/mo payment, leaves $252/mo cash flow. Total monthly income is $1,835/mo, and annual cash flow is $3,022/yr on $66,963 cash. Return on cash invested measures 24.42% in year one, and rental yield stands at 10.9% at a $202,000 entry. Equity gained on principal adds $1,303/yr while 5% annual appreciation compounds into $55,809 by year five. Five-year ROI records 129.21% and total cumulative return in cash reaches $86,520. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,835/mo property income versus a $989/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2015
696.96 sqft lot
$N/A/sqft
$260 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: Tyler Timp • LPT Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #714607
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.