106 E Madison DrPolk 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
Investment property for sale in Polk City at 106 E Madison Dr, Polk City, IA, 50226 uses $63,648 cash to close to unlock $10,262/yr annual cash flow and $855/mo monthly cash flow. Total monthly income runs $2,135/mo, and a $940/mo payment keeps the spread at $855/mo. Purchase price stands at $192,000, and rental yield measures 13.34% with $2,135/mo rent. Return on cash invested shows 36.03% in year one, and 5% annual appreciation builds toward $53,046 over five years. Five-year ROI reaches 190% and total cumulative return in cash records $120,928. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,135/mo property income covering a $940/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No 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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