518 NE 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 518 NE 4th St, Ankeny, IA, 50021 at $287,000 posts ROI 32.17% with $972/mo cash flow from $2,836/mo rent. Total monthly income equals $2,836/mo, and annual cash flow records $11,662/yr on $95,141 to close. Return on cash invested measures 32.17% and rental yield reads 11.86% at the current $287,000. Equity gained on principal adds $1,852/yr, and 5% annual appreciation supports $79,293 by year five. Five-year ROI prints 168.96% and total cumulative return in cash totals $160,750.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,836/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1988
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: Justin Greenfield • RE/MAX Precision
Mls Name: DMMLS
Mls Provider:
Mls ID: #705811
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.