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Value up to $471K, Flip Potential High
Updated 7 days ago • 5 new comps
Your Investment Paths
Turnkey Rental
This property offers a promising rental opportunity in Ankeny. Market data suggests a monthly income potential between $2,197 and $2,308. With a projected annual yield of 6.90%, this is a solid choice for investors. Beyond steady cash flow, owners can expect an estimated annual appreciation of approximately $5,818 based on local market rates. This balance of consistent rental income and value growth makes it a strong contender for your portfolio.
More about this home
Neighborhood Assessment
Ankeny’s NE Lowell Ct neighborhood shines with strong schools—Northeast Elementary (6/10, 0.3 miles away), Northview Middle (9/10), and Centennial High (8/10). It’s a family-friendly spot in fast-growing Ankeny, Iowa’s top suburb near Des Moines. Comps on the street zestimate $340K-$440K for similar 4-bed homes, matching this 1,660 sqft property’s $392K valuation. Low environmental risks and steady appreciation make it solid. Walkability’s average in this quiet cul-de-sac area, but proximity to Ankeny’s booming developments—like new retail and highways—boosts long-term value. You know, it’s the kind of place where values climb without the big-city hassle.
Market Activity
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Rental Income
$27K
Yield
6.9%
Appreciation
$6K
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts appeal. Updated properties command $256 per square foot compared to the $242 baseline. This represents a 6% increase in value per square foot, helping your home shine in a competitive market. Upgrades unlock greater potential, pushing rental income up to $2,523 monthly. With a higher projected sale range of $409,000 to $453,000, these improvements create a modern, desirable space that attracts quality buyers and increases long-term equity.
Value Add
$23K
Appreciation
$6K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid potential with a post-renovation value estimated between $402,000 and $444,000. While renovation gains appear modest, the target home size and configuration align well with local market demand for high-quality rental inventory. Rental performance remains consistent, projecting monthly income of $2,462.50. A 7.0% yield provides a stable foundation for long-term growth, making this a reliable opportunity for investors seeking steady cash flow within a stable suburban market.
Rental Income
$30K
Yield
7.0%
Appreciation
$6K
Year 1 Estimates, Post Typical Renovation
Estimated value
$392K
$80.3K below comp median
Comparative Market Analysis
$355K – $615K
~28 days to sell
Based on 8 comps
1701 NE Lowell Ct, Ankeny Investment Report: Flip & Rental Analysis · Frontflip