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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Altoona at 1677 22nd Ave SE, Altoona, IA, 50009 listed at $400,990 pairs $2,700/mo rent with a $1,963/mo payment to leave $95/mo cash flow. Total monthly income runs $2,700/mo, and annual cash flow reaches $1,145/yr on $132,928 cash to close. Return on cash invested measures 20.77% in year one, and rental yield registers 8.08% at a $400,990 basis. Equity gained on principal adds $2,588/yr, and annual property appreciation at 5% supports $110,786 by year five. Five-year ROI tracks 107.88% and total cumulative return in cash totals $143,403. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,700/mo property income relative to a $1,963/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2026
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50009, Altoona, IA area.
| 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 |
Residential
9,784
Single Family
8,330
Multi-Family
1,454
Businesses
564
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Mary Foley • Liberty Realty Group
Mls Name: DMMLS
Mls ID: #731625
