705 NE Oak 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
Investment property for sale in Ankeny at 705 NE Oak Ridge Dr, Ankeny, IA, 50021 at $319,800 posts ROI 25.08% with $457/mo cash flow from $2,546/mo rent. Total monthly income equals $2,546/mo, and annual cash flow records $5,482/yr on $106,014 to close. Return on cash invested measures 25.08% and rental yield reads 9.55% at the current $319,800. Equity gained on principal adds $2,064/yr, and 5% annual appreciation supports $88,355 by year five. Five-year ROI prints 131.02% and total cumulative return in cash totals $138,900.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,546/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2023
4,800 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: Jennifer Sullivan • EXP Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #692317
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.