615 S Polk PlMason CityIA50401
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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
Rental property for sale in Mason City at 615 S Polk Pl, Mason City, IA, 50401 priced at $112,000 pairs $1,106/mo rent with $379/mo cash flow after a $548/mo payment. Total monthly income equals $1,106/mo, and annual cash flow comes to $4,546/yr on $37,128 invested. Return on cash invested is 32.15% in year one, and rental yield stands at 11.85% on a $112,000 basis. Equity gained on principal adds $723/yr, and 5% annual appreciation accumulates to $30,944 by year five. Five-year ROI measures 168.92% and total cumulative return in cash reaches $62,715. For financing, Ziffy Mortgage’s DSCR program evaluates $1,106/mo property income against a $548/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1956
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50401, Mason City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,670 (100%) |
| Owner Occupied HU | 8,543 (58.2%) |
| Renter Occupied HU | 4,535 (30.9%) |
| Vacant Housing Units | 1,592 (10.9%) |
| Median Home Value | $167,855 |
| Average Home Value | $227,641 |
Housing Distribution
Address Breakdown
Residential
13,611
Single Family
11,798
Multi-Family
1,813
Businesses
1,100
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Listed by: BEN HAUGE • Home North Iowa
Mls Name: Greater Mason BOR
Mls ID: #260026