305 E Wood StPolk 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 305 E Wood St, Polk City, IA, 50226 priced at $277,000 converts $1,873/mo rent into $74/mo cash flow after a $1,356/mo obligation. Total monthly income equals $1,873/mo, and annual cash flow totals $886/yr on $91,826 invested. Return on cash invested prints 20.87% in year one, and rental yield reads 8.11% against a $277,000 entry. Equity gained on principal adds $1,787/yr, while 5% annual appreciation compiles into $76,530 by year five. Five-year ROI reaches 108.42% and total cumulative return in cash sums $99,555. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,873/mo property income covering a $1,356/mo payment, not borrower’s personal income.
Single Family
Built in 1972
8,058 sqft 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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Listed by: Mel Barlaw • RE/MAX Revolution
Mls Name: DMMLS
Mls Provider:
Mls ID: #717262
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.