4618 Polk StSioux CityIA51108
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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 Sioux City at 4618 Polk St, Sioux City, IA, 51108 uses $86,190 cash to close to unlock $2,256/yr annual cash flow and $188/mo monthly cash flow. Total monthly income runs $1,877/mo, and a $1,273/mo payment keeps the spread at $188/mo. Purchase price stands at $260,000, and rental yield measures 8.66% with $1,877/mo rent. Return on cash invested shows 22.53% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 117.28% and total cumulative return in cash records $101,081. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,877/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Single Family
Built in 1965
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51108, Sioux City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,664 (100%) |
| Owner Occupied HU | 1,813 (68.1%) |
| Renter Occupied HU | 696 (26.1%) |
| Vacant Housing Units | 155 ( 5.8%) |
| Median Home Value | $197,786 |
| Average Home Value | $284,381 |
Housing Distribution
Address Breakdown
Residential
2,569
Single Family
1,991
Multi-Family
578
Businesses
131
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Listed by: Mindy Mullen • Keller Williams Siouxland
Mls Name: Northwest Iowa Regional BOR
Mls ID: #831631