1427 34th Ave SW #201AltoonaIA50009
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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 Altoona at 1427 34th Ave SW #201, Altoona, IA, 50009 uses $64,941 cash to close to unlock $2,815/yr annual cash flow and $235/mo monthly cash flow. Total monthly income runs $1,507/mo, and a $959/mo payment keeps the spread at $235/mo. Purchase price stands at $195,900, and rental yield measures 9.23% with $1,507/mo rent. Return on cash invested shows 24.24% in year one, and 5% annual appreciation builds toward $54,124 over five years. Five-year ROI reaches 126.51% and total cumulative return in cash records $82,157. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,507/mo property income covering a $959/mo payment rather than investor’s personal income.
Condo
Built in 2020
5.52 Acres 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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