704 NE Meadow Landing 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
Investment property for sale in Ankeny at 704 NE Meadow Landing Dr, Ankeny, IA, 50021 earns $282/mo cash flow from $2,388/mo rent with a $1,578/mo payment. Total monthly income totals $2,388/mo, and annual cash flow totals $3,378/yr on $106,909 capital. ROI tracks 23.07% on current figures, and rental yield reads 8.89% at a $322,500 purchase. Equity gained on principal adds $2,081/yr, and 5% annual appreciation supports $89,101 over five years. Five-year ROI reaches 120.26% and total cumulative return in cash sums $128,564. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,388/mo property income instead of your personal income.
Single Family
Built in 2024
4,791 sqft lot
$N/A/sqft
$150 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: Faith, Gavin • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #703351
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.