802 NE 5th StAnkenyIA50021
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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 802 NE 5th St, Ankeny, IA, 50021 priced at $248,900 pairs $2,100/mo rent with $484/mo cash flow after a $1,218/mo payment. Total monthly income equals $2,100/mo, and annual cash flow comes to $5,805/yr on $82,510 invested. Return on cash invested is 26.94% in year one, and rental yield stands at 10.12% on a $248,900 basis. Equity gained on principal adds $1,606/yr, and 5% annual appreciation accumulates to $68,766 by year five. Five-year ROI measures 140.99% and total cumulative return in cash reaches $116,329. For financing, Ziffy Mortgage’s DSCR program evaluates $2,100/mo property income against a $1,218/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1997
5,270 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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