Hamilton Plan, Spring Creek Ridge West, Altoona, IA, 50009 | $251/mo Cash Flow

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Hamilton Plan, Spring Creek Ridge West, Altoona, IA, 50009 | $251/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Altoona at Hamilton Plan, Spring Creek Ridge West, Altoona, IA, 50009 priced at $329,990 converts $2,394/mo rent into $251/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,394/mo, and annual cash flow totals $3,012/yr on $109,392 invested. Return on cash invested prints 22.66% in year one, and rental yield reads 8.71% against a $329,990 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,170 by year five. Five-year ROI reaches 118.05% and total cumulative return in cash sums $129,139. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,394/mo property income covering a $1,615/mo payment, not borrower’s personal income.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

Say hello to the Hamilton Plan by D.R. Horton, located in our Spring Creek Ridge West community in Altoona, Iowa. This single-level home offers 3 bedrooms and 2 full bathrooms, making it perfect for families seeking a modern, open layout. The Hamilton Plan features two large bedrooms at the front of the home, ideal for guests or children, while the primary suite is at the back for added privacy. The primary includes a walk-in closet and spacious bath-perfect for relaxing after a long day. The open-concept living area is designed for both relaxation and entertaining. The kitchen boasts a large island and shaker-style cabinetry, making it perfect for cooking, dining, or hosting friends and family. Practicality is key in the Hamilton Plan, with a convenient closet for coats and jackets upon entering from the garage, helping keep your home organized. The Hamilton Plan includes energy-efficient features and high-quality materials, providing an incredible value for homebuyers. Call today to schedule a tour in the Spring Creek Ridge West community.

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