Aldridge Plan, Brook RidgeAltoonaIA50009
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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 Aldridge Plan, Brook Ridge, Altoona, IA, 50009 with 5% annual appreciation on a $299,990 basis while $2,394/mo rent supports operations. Total monthly income totals $2,394/mo and a $1,468/mo payment preserves $446/mo for cash returns. Annual cash flow comes to $5,352/yr on $99,447 deployed, and return on cash invested reaches 25.29% in year one. Equity gained on principal adds $1,936/yr, and five-year appreciation sums $82,882 alongside rental yield of 9.58%. Five-year ROI measures 132.15% and total cumulative return in cash totals $131,421.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,394/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No 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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