214 Johnson StAltaIA51002
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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 Alta at 214 Johnson St, Alta, IA, 51002 uses $69,582 cash to close to unlock $5,114/yr annual cash flow and $426/mo monthly cash flow. Total monthly income runs $1,789/mo, and a $1,027/mo payment keeps the spread at $426/mo. Purchase price stands at $209,900, and rental yield measures 10.23% with $1,789/mo rent. Return on cash invested shows 27.26% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 142.7% and total cumulative return in cash records $99,296. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,789/mo property income covering a $1,027/mo payment rather than investor’s personal income.
Single Family
Built in 1890
8,400 sqft 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: Holly M Diischer • Signature Real Estate Group of Iowa
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #827903
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.