528 Kelsey LnAltoonaIA50009
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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 528 Kelsey Ln, Altoona, IA, 50009 with 5% annual appreciation on a $185,000 basis while $1,571/mo rent supports operations. Total monthly income totals $1,571/mo and a $905/mo payment preserves $160/mo for cash returns. Annual cash flow comes to $1,925/yr on $61,328 deployed, and return on cash invested reaches 23.05% in year one. Equity gained on principal adds $1,194/yr, and five-year appreciation sums $51,112 alongside rental yield of 10.19%. Five-year ROI measures 121.61% and total cumulative return in cash totals $74,583.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,571/mo property income versus a $905/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2004
3,528 sqft lot
$N/A/sqft
$200 monthly 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: Emily Keller - Lampman • Iowa Realty Indianola
Mls Name: DMMLS
Mls Provider:
Mls ID: #718866
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.