203 Cyclone DrAltaIA51002
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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 Alta at 203 Cyclone Dr, Alta, IA, 51002 priced at $295,000 converts $1,922/mo rent into $6/mo cash flow after a $1,444/mo obligation. Total monthly income equals $1,922/mo, and annual cash flow totals $72/yr on $97,793 invested. Return on cash invested prints 19.98% in year one, and rental yield reads 7.82% against a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation compiles into $81,503 by year five. Five-year ROI reaches 103.63% and total cumulative return in cash sums $101,342. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,922/mo property income covering a $1,444/mo payment, not borrower’s personal income.
Townhouse
Built in 2023
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51002, Alta, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,206 (100%) |
| Owner Occupied HU | 862 (71.5%) |
| Renter Occupied HU | 242 (20.1%) |
| Vacant Housing Units | 102 ( 8.5%) |
| Median Home Value | $195,513 |
| Average Home Value | $278,274 |
Housing Distribution
Address Breakdown
Residential
1,141
Single Family
1,063
Multi-Family
78
Businesses
54
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Listed by: Joseph Aube • Real Estate Specialists
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #823727
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.