736 SE Richland CtAnkenyIA50021
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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 736 SE Richland Ct, Ankeny, IA, 50021 priced at $329,000 converts $2,692/mo rent into $556/mo cash flow after a $1,610/mo obligation. Total monthly income equals $2,692/mo, and annual cash flow totals $6,667/yr on $109,064 invested. Return on cash invested prints 26.02% in year one, and rental yield reads 9.82% against a $329,000 entry. Equity gained on principal adds $2,123/yr, while 5% annual appreciation compiles into $90,897 by year five. Five-year ROI reaches 136.04% and total cumulative return in cash sums $148,365. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,692/mo property income covering a $1,610/mo payment, not borrower’s personal income.
Single Family
Built in 1989
10,018 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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