601 Orchard Hills Dr #4002AnkenyIA50021
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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 601 Orchard Hills Dr #4002, Ankeny, IA, 50021 generates $1,312/mo in rent, after a $1,003/mo payment. Total monthly income is $1,312/mo. Return on cash invested sits at 15.88% in year one, and rental yield is 7.68% on a $204,900 entry. Equity gained on principal adds $1,322/yr, while 5% annual appreciation builds toward $56,610 over five years. Five-year ROI reaches 83.07% and total cumulative return in cash sums $56,422. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,312/mo property income rather than buyer’s personal income.
Condo
Built in 2007
3,846 sqft lot
$N/A/sqft
$206 monthly HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-05-21 | Listed for sale | $204,900 |
| 2020-12-29 | Sold | $145,000 |
| 2014-10-09 | Sold | $113,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-26 | $3152.00 | -3.25% | $184,900 | N/A |
| 2023-05-26 | $3258.00 | 0.31% | $184,900 | 26.90% |
| 2022-05-26 | $3248.00 | 8.12% | $145,700 | N/A |
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Facts & Features
General Information
- Type: Condo
- Year Built: 2007
- Architectural Style: Two Story
- Building Area: 1,386
- Living Area: 1,386 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air, Gas, Natural Gas
- Cooling: Central Air
- Flooring: Carpet, Laminate, Tile
- Interior Features: Dining Area, Eat-in Kitchen, Cable TV, Window Treatments
- Exterior Features: Patio
- Parking Features: Attached, Garage, Two Car Garage
Location
HOA & Fees
- HOA Fee: $206 monthly
- Association Fee: $206 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Snow Removal
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Concrete
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Josh Gillum • Gillum Group Real Estate LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #718624
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.