317 N Cherokee DrPolk 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
Investment property for sale in Polk City at 317 N Cherokee Dr, Polk City, IA, 50226 uses $71,273 cash to close to unlock $7,536/yr annual cash flow and $628/mo monthly cash flow. Total monthly income runs $2,024/mo, and a $1,052/mo payment keeps the spread at $628/mo. Purchase price stands at $215,000, and rental yield measures 11.3% with $2,024/mo rent. Return on cash invested shows 30.48% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 159.93% and total cumulative return in cash records $113,989. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,024/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1996
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
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