829 SE Bel Aire RdAnkenyIA50021
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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 829 SE Bel Aire Rd, Ankeny, IA, 50021 priced at $259,900 converts $1,839/mo rent into $151/mo cash flow after a $1,272/mo obligation. Total monthly income equals $1,839/mo, and annual cash flow totals $1,814/yr on $86,157 invested. Return on cash invested prints 22.01% in year one, and rental yield reads 8.49% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 114.57% and total cumulative return in cash sums $98,710. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,839/mo property income covering a $1,272/mo payment, not borrower’s personal income.
Single Family
Built in 1966
9,583 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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