Harmony Plan, Spring Creek Ridge West, Altoona, IA, 50009 | $330/mo Cash Flow

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Harmony Plan, Spring Creek Ridge West, Altoona, IA, 50009 | $330/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

Investment property for sale in Altoona at Harmony Plan, Spring Creek Ridge West, Altoona, IA, 50009 with 5% annual appreciation on a $364,990 basis while $2,700/mo rent supports operations. Total monthly income totals $2,700/mo and a $1,786/mo payment preserves $330/mo for cash returns. Annual cash flow comes to $3,960/yr on $120,994 deployed, and return on cash invested reaches 23.18% in year one. Equity gained on principal adds $2,355/yr, and five-year appreciation sums $100,840 alongside rental yield of 8.88%. Five-year ROI measures 120.83% and total cumulative return in cash totals $146,200.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,700/mo property income versus a $1,786/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

More details about the property

Step inside the Harmony floor plan at Spring Creek Ridge West in Altoona, IA. This open-concept ranch-style home offers 4 bedrooms, 3.5 bathrooms, a 2-3 car garage, and 2,462 sq. ft. of thoughtfully designed living space. A standout feature is the junior primary bedroom on the main level, complete with an en-suite bath and walk-in closet. Continue through the foyer past the laundry room and guest bathroom to the heart of the home, where the living room, dining area, and kitchen flow seamlessly. The living room features an electric fireplace and large windows that fill the space with natural light. The kitchen includes white cabinetry, quartz countertops, stainless steel appliances, a large island, and a spacious pantry. The rear primary bedroom offers privacy with an en-suite bathroom and a generous walk-in closet. The finished lower level provides two additional bedrooms, a shared full bathroom, and a large rec room perfect for entertaining or relaxing. Step into your new home in the Spring Creek Ridge West community today!

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