1112 2nd AveAltonIA51003
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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
Investment property for sale in Alton at 1112 2nd Ave, Alton, IA, 51003 earns $378/mo cash flow from $1,522/mo rent with a $862/mo payment. Total monthly income totals $1,522/mo, and annual cash flow totals $4,539/yr on $58,377 capital. ROI tracks 27.68% on current figures, and rental yield reads 10.37% at a $176,100 purchase. Equity gained on principal adds $1,136/yr, and 5% annual appreciation supports $48,653 over five years. Five-year ROI reaches 144.99% and total cumulative return in cash sums $84,640. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,522/mo property income instead of your personal income.
Single Family
Built in 1900
7,801 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
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