1206 3rd AveAltonIA51003
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 1206 3rd Ave, Alton, IA, 51003 in Alton hard to pass up. The 14.41% gross yield on a $151,000 purchase results in $1,813/mo in rent and $833/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.67). Annual cash flow of $9,990, five-year appreciation of $41,719, and $1,391/yr in equity build-up combine for a projected total cumulative return of $111,036.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.4% | 7.0% |
| Monthly Cash Flow | $833 | $200 |
City averages based on Alton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,813 |
| Total Monthly Debt Service | $921 |
| DSCR Ratio | 1.97x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
7,840 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
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
Single Family
Built in 1900
7,840 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
Listed by: Brenda K Dokter • Siouxland Town & Country Realty
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #830022
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.