1212 W Broadway StPolk CityIA50226
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 1212 W Broadway St, Polk City, IA, 50226 in Polk City is narrow, $91/mo net on $2,033/mo rent after the $1,344/mo debt service, but the property operates at break-even-plus, not a loss. At $299,000 with a 8.16% yield, the long-run equity case via 5% appreciation ($82,608 over five years) and $2,754/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.51 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $119,688.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 8.0% |
| Monthly Cash Flow | $91 | $300 |
City averages based on Polk City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,033 |
| Total Monthly Debt Service | $1,823 |
| DSCR Ratio | 1.12x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1973
0.26 Acres 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
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
Single Family
Built in 1973
0.26 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shane Torres • RE/MAX Concepts-Ankeny
Mls Name: CIBR
Mls Provider:
Mls ID: #67644
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not accurate.