1008 4th AveAltonIA51003
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Alton at 1008 4th Ave, Alton, IA, 51003 earns $790/mo cash flow from $2,063/mo rent with a $959/mo payment. Total monthly income totals $2,063/mo, and annual cash flow totals $9,485/yr on $64,974 capital. ROI tracks 34.51% on current figures, and rental yield reads 12.63% at a $196,000 purchase. Equity gained on principal adds $1,265/yr, and 5% annual appreciation supports $54,151 over five years. Five-year ROI reaches 181.55% and total cumulative return in cash sums $117,960. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,063/mo property income instead of your personal income.
Single Family
Built in 1956
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51003, Alton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 686 (100%) |
| Owner Occupied HU | 505 (73.6%) |
| Renter Occupied HU | 119 (17.3%) |
| Vacant Housing Units | 62 ( 9.0%) |
| Median Home Value | $252,500 |
| Average Home Value | $305,535 |
Housing Distribution
Address Breakdown
Residential
546
Single Family
546
Multi-Family
0
Businesses
55
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices