5616 NE Creek Ridge 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 5616 NE Creek Ridge Dr, Ankeny, IA, 50021 priced at $424,990 converts $1,810/mo rent into after a $2,080/mo obligation. Total monthly income equals $1,810/mo. Return on cash invested prints 11.82% in year one, and rental yield reads 5.11% against a $424,990 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,417 by year five. Five-year ROI reaches 59.88% and total cumulative return in cash sums $84,362. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,810/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Condo
Built in 2024
9,321 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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