1105 Tradition DrPolk CityIA50226
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1105 Tradition Dr, Polk City, IA, 50226 generates $1,600/mo in rent, after a $5,506/mo payment. Total monthly income is $1,600/mo. Return on cash invested sits at 1.53% in year one, and rental yield is 1.71% on a $1,125,000 entry. Equity gained on principal adds $7,259/yr, while 5% annual appreciation builds toward $310,817 over five years. Five-year ROI reaches 4.62% and total cumulative return in cash sums $16,844. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,600/mo property income rather than buyer’s personal income.
Single Family
Built in 2016
0.80 Acres lot
$N/A/sqft
$202 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tom Stender-Custer • Century 21 Signature
Mls Name: DMMLS
Mls Provider:
Mls ID: #728965
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.