355 Northern Trace 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
Investment property for sale in Polk City at 355 Northern Trace Way, Polk City, IA, 50226 offers a 8.02% rental yield on a $334,900 purchase with $2,239/mo rent. 41% in year one. Equity gained on principal adds $2,161/yr while 5% annual appreciation supports $92,527 over five years. Portfolio math shows five-year ROI at 96.01% and total cumulative return in cash at $106,585. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,239/mo property income against a $1,639/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2023
2,787 sqft lot
$N/A/sqft
$203 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: Sean Manning • Simply Better Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #686185
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.