9783 NW 40th 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 9783 NW 40th St, Polk City, IA, 50226 uses $57,681 cash to close to unlock $13,555/yr annual cash flow and $1,130/mo monthly cash flow. Total monthly income runs $2,260/mo, and a $852/mo payment keeps the spread at $1,130/mo. Purchase price stands at $174,000, and rental yield measures 15.59% with $2,260/mo rent. Return on cash invested shows 43.41% in year one, and 5% annual appreciation builds toward $48,073 over five years. Five-year ROI reaches 229.29% and total cumulative return in cash records $132,257. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,260/mo property income covering a $852/mo payment rather than investor’s personal income.
Lot
Built in N/A
0.49 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: Tammy Davidson • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #699829
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.