2842 Ithica CtAltoonaIA50009
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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 Altoona at 2842 Ithica Ct, Altoona, IA, 50009 at $235,000 posts ROI 31.26% with $737/mo cash flow from $2,281/mo rent. Total monthly income equals $2,281/mo, and annual cash flow records $8,846/yr on $77,903 to close. Return on cash invested measures 31.26% and rental yield reads 11.65% at the current $235,000. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,926 by year five. Five-year ROI prints 164.27% and total cumulative return in cash totals $127,972.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,281/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 2004
1,742 sqft lot
$N/A/sqft
$184 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50009, Altoona, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,219 (100%) |
| Owner Occupied HU | 6,552 (64.1%) |
| Renter Occupied HU | 3,043 (29.8%) |
| Vacant Housing Units | 624 ( 6.1%) |
| Median Home Value | $318,899 |
| Average Home Value | $345,433 |
Housing Distribution
Address Breakdown
Residential
9,784
Single Family
8,330
Multi-Family
1,454
Businesses
564
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Listed by: Flanders Team • RE/MAX REAL ESTATE CENTER
Mls Name: CIBR
Mls Provider:
Mls ID: #67009
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. Data is deemed reliable but not accurate.