5501 NE Seneca DrAnkenyIA50021
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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 5501 NE Seneca Dr, Ankeny, IA, 50021 generates $2,768/mo in rent and, after a $1,767/mo payment, leaves $409/mo in cash flow. Total monthly income is $2,768/mo, and annual cash flow is $4,906/yr on $119,668 invested. Return on cash invested sits at 24.01% in year one, and rental yield is 9.2% on a $360,990 entry. Equity gained on principal adds $2,329/yr, while 5% annual appreciation builds toward $99,735 over five years. Five-year ROI reaches 125.27% and total cumulative return in cash sums $149,912. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,768/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
0.27 Acres lot
$N/A/sqft
$175 annually 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: #696149
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.