237 N Cherokee 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
Investment property for sale in Polk City at 237 N Cherokee Dr, Polk City, IA, 50226 listed at $225,000 pairs $1,984/mo rent with a $1,101/mo payment to leave $516/mo cash flow. Total monthly income runs $1,984/mo, and annual cash flow reaches $6,195/yr on $74,588 cash to close. Return on cash invested measures 28.21% in year one, and rental yield registers 10.58% at a $225,000 basis. Equity gained on principal adds $1,452/yr, and annual property appreciation at 5% supports $62,163 by year five. Five-year ROI tracks 147.87% and total cumulative return in cash totals $110,289. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,984/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1997
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Zlatka Kuckovic • Realty ONE Group Impact
Mls Name: DMMLS
Mls Provider:
Mls ID: #713262
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.