609 Pelican Dr, Polk City, IA, 50226 | 3.84% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Polk City at 609 Pelican Dr, Polk City, IA, 50226 offers a 3.84% rental yield on a $862,200 purchase with $2,760/mo rent. 05% in year one. Equity gained on principal adds $5,564/yr while 5% annual appreciation supports $238,210 over five years. Portfolio math shows five-year ROI at 39.61% and total cumulative return in cash at $112,368. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,760/mo property income against a $4,220/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

0.32 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