418 Peterson 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
Rental property for sale in Alta at 418 Peterson St, Alta, IA, 51002 priced at $154,000 pairs $1,172/mo rent with $172/mo cash flow after a $754/mo payment. Total monthly income equals $1,172/mo, and annual cash flow comes to $2,059/yr on $51,051 invested. Return on cash invested is 23.94% in year one, and rental yield stands at 9.13% on a $154,000 basis. Equity gained on principal adds $994/yr, and 5% annual appreciation accumulates to $42,547 by year five. Five-year ROI measures 124.89% and total cumulative return in cash reaches $63,758. For financing, Ziffy Mortgage’s DSCR program evaluates $1,172/mo property income against a $754/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
0.29 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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