1019 W Trace PlPolk CityIA50226
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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 Polk City at 1019 W Trace Pl, Polk City, IA, 50226 offers $1,542/mo rent that, after a $2,007/mo payment. Total monthly income is $1,542/mo. Return on cash invested measures 9.92% in year one, and rental yield stands at 4.51% at a $409,990 entry. Equity gained on principal adds $2,646/yr while 5% annual appreciation compounds into $113,273 by year five. Five-year ROI records 49.76% and total cumulative return in cash reaches $67,628. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,542/mo property income versus a $2,007/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.25 Acres lot
$N/A/sqft
$120 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50226, Polk City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,670 (100%) |
| Owner Occupied HU | 2,179 (81.6%) |
| Renter Occupied HU | 357 (13.4%) |
| Vacant Housing Units | 134 ( 5.0%) |
| Median Home Value | $407,500 |
| Average Home Value | $431,136 |
Housing Distribution
Address Breakdown
Residential
2,705
Single Family
2,680
Multi-Family
25
Businesses
124
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Listed by: Kathryn Greer • DRH Realty of Iowa, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #728809
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.