822 SE Cortina 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
Rental property for sale in Ankeny at 822 SE Cortina Dr, Ankeny, IA, 50021 priced at $245,000 converts $2,341/mo rent into $739/mo cash flow after a $1,199/mo obligation. Total monthly income equals $2,341/mo, and annual cash flow totals $8,870/yr on $81,218 invested. Return on cash invested prints 30.83% in year one, and rental yield reads 11.47% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 161.92% and total cumulative return in cash sums $131,508. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,341/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 1971
8,668 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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Listed by: Tanner Couch • LPT Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #729439
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.