Under $500K Investment Properties for Sale in Altoona, IA
682- 3 Bed
- 2 Bath
- 1635 sft
395- 4 Bed
- 3 Bath
- 2053 sft
330- 4 Bed
- 3 Bath
- 2053 sft
401- 4 Bed
- 3 Bath
- 2190 sft
Why Invest in Altoona, Iowa?
Discover investment opportunities in Altoona, IA under $500K, offering affordable entry into a growing Des Moines suburb. Properties here provide solid **rental yields** around 7-8% with average rents supporting steady cash flow. **Cap rates** hover at 6-7%, bolstered by low vacancy and proximity to major employers. Annual **appreciation** of 4-5% reflects strong demand from renters (35% occupancy). Ideal for investors seeking **high cash flow** without premium pricing.
Frequently Asked Questions
Expect avgROI of 9% with rental yields around 7.5% and cap rates of 6.8%. These metrics suit single-family rentals generating $850 monthly cash flow. Proximity to Des Moines enhances long-term appreciation at 4.5% annually.
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