510 NE 5th 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 510 NE 5th St, Ankeny, IA, 50021 uses $92,787 cash to close to unlock $4,598/yr annual cash flow and $383/mo monthly cash flow. Total monthly income runs $2,201/mo, and a $1,370/mo payment keeps the spread at $383/mo. Purchase price stands at $279,900, and rental yield measures 9.44% with $2,201/mo rent. Return on cash invested shows 24.86% in year one, and 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 129.86% and total cumulative return in cash records $120,493. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,201/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1977
8,494 sqft 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: Chase VanLoon • LPT Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #715327
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.