1206 3rd 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 1206 3rd Ave, Alton, IA, 51003 offers a 14.41% rental yield on a $151,000 purchase with $1,813/mo rent. Total monthly income registers $1,813/mo, and a $739/mo payment leaves $832/mo available for distribution. Annual cash flow reaches $9,989/yr on $50,057 to close, and return on cash invested stands at 39.86% in year one. Equity gained on principal adds $974/yr while 5% annual appreciation supports $41,719 over five years. Portfolio math shows five-year ROI at 210.28% and total cumulative return in cash at $105,260. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,813/mo property income against a $739/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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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.