112 Hickory WayPolk 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 112 Hickory Way, Polk City, IA, 50226 priced at $345,000 pairs $2,580/mo rent with $189/mo cash flow after a $1,689/mo payment. Total monthly income equals $2,580/mo, and annual cash flow comes to $2,268/yr on $114,368 invested. Return on cash invested is 21.89% in year one, and rental yield stands at 8.97% on a $345,000 basis. Equity gained on principal adds $2,226/yr, and 5% annual appreciation accumulates to $95,317 by year five. Five-year ROI measures 114.43% and total cumulative return in cash reaches $130,876. For financing, Ziffy Mortgage’s DSCR program evaluates $2,580/mo property income against a $1,689/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2020
2,918 sqft lot
$N/A/sqft
$150 monthly 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: A.J. Anderson • LPT Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #720931
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.