1005 2nd Ave NWAltoonaIA50009
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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
Rental property for sale in Altoona at 1005 2nd Ave NW, Altoona, IA, 50009 generates $2,735/mo in rent and, after a $1,835/mo payment, leaves $300/mo in cash flow. Total monthly income is $2,735/mo, and annual cash flow is $3,600/yr on $124,313 invested. Return on cash invested sits at 22.8% in year one, and rental yield is 8.75% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 118.75% and total cumulative return in cash sums $147,627. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,735/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
9,844 sqft 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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Listed by: Ross Peterson • Agency Iowa
Mls Name: DMMLS
Mls Provider:
Mls ID: #725758
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.