209 E 5th StAltaIA51002
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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
Rental property for sale in Alta at 209 E 5th St, Alta, IA, 51002 offers $1,032/mo rent that, after a $685/mo payment, leaves $123/mo cash flow. Total monthly income is $1,032/mo, and annual cash flow is $1,476/yr on $46,410 cash. Return on cash invested measures 23.09% in year one, and rental yield stands at 8.85% at a $140,000 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,679 by year five. Five-year ROI records 120.28% and total cumulative return in cash reaches $55,822. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,032/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51002, Alta, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,206 (100%) |
| Owner Occupied HU | 862 (71.5%) |
| Renter Occupied HU | 242 (20.1%) |
| Vacant Housing Units | 102 ( 8.5%) |
| Median Home Value | $195,513 |
| Average Home Value | $278,274 |
Housing Distribution
Address Breakdown
Residential
1,141
Single Family
1,063
Multi-Family
78
Businesses
54
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Listed by: Robert Donahoo • Gustafson Realty
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #826434
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.