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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Fix And Flip Investment Properties for Sale in Altoona, IA
Fix & Flip
$ 110,000
ROI
24.3
Cash Flow/m
140- 2 Bed
- 1 Bath
- 984 sft
206 6th St SW, Altoona, IA, 50009
Fix & Flip
$ 259,000
ROI
19.9Cash Flow/m
12- 3 Bed
- 2 Bath
- 880 sft
1005 6th St NW, Altoona, IA, 50009
Fix & Flip
$ 230,000
ROI
27.0Cash Flow/m
463- 3 Bed
- 1 Bath
- 1224 sft
701 2nd Ave SE, Altoona, IA, 50009
Fix & Flip
$ 320,000
ROI
19.9Cash Flow/m
16- 3 Bed
- 2 Bath
- 1425 sft
1143 Tuscany Dr SE, Altoona, IA, 50009
Why Invest in Altoona, Iowa?
Altoona, IA offers strong potential for fix-and-flip investors targeting undervalued properties in this growing Des Moines suburb. Proximity to the metro area drives demand from commuters and families. Expect solid returns with average ROI around 12%, supported by 6% rental yields and 7.5% cap rates. Annual appreciation holds steady at 2.5%, while 35% renter occupancy creates flip opportunities. Stable cash flow averages $450 monthly post-renovation.
12%
Avg. ROI
6%
Rental Yield
7.5%
Cap Rate
$450/mo
Avg. Cash Flow
$1400/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
Altoona's proximity to Des Moines drives demand for renovated homes among commuters. Median prices around $330K with 2-3% appreciation create solid margins. Low vacancy and steady job growth support quick flips.
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