7368 NE Berwick Dr #94AnkenyIA50021
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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 7368 NE Berwick Dr #94, Ankeny, IA, 50021 uses $36,432 cash to close to unlock $1,814/yr annual cash flow and $151/mo monthly cash flow. Total monthly income runs $865/mo, and a $538/mo payment keeps the spread at $151/mo. Purchase price stands at $109,900, and rental yield measures 9.44% with $865/mo rent. Return on cash invested shows 24.89% in year one, and 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 130.08% and total cumulative return in cash records $47,392. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $865/mo property income covering a $538/mo payment rather than investor’s personal income.
Manufactured
Built in 1993
5,000 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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