416 E Grimes 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
Investment property for sale in Polk City at 416 E Grimes St, Polk City, IA, 50226 earns from $3,328/mo rent with a $2,853/mo payment. Total monthly income totals $3,328/mo. ROI tracks 17.2% on current figures, and rental yield reads 6.85% at a $582,900 purchase. Equity gained on principal adds $3,761/yr, and 5% annual appreciation supports $161,045 over five years. Five-year ROI reaches 88.68% and total cumulative return in cash sums $170,059. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,328/mo property income instead of your personal income.
Single Family
Built in 2024
0.35 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
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Listed by: Kyle Hout • Platinum Realty LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #708095
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.