2108 2nd Ave SEAltoonaIA50009
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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 2108 2nd Ave SE, Altoona, IA, 50009 offers a 8.91% rental yield on a $333,000 purchase with $2,473/mo rent. Total monthly income registers $2,473/mo, and a $1,630/mo payment leaves $285/mo available for distribution. Annual cash flow reaches $3,422/yr on $110,390 to close, and return on cash invested stands at 23.01% in year one. Equity gained on principal adds $2,149/yr while 5% annual appreciation supports $92,002 over five years. Portfolio math shows five-year ROI at 120% and total cumulative return in cash at $132,473. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,473/mo property income against a $1,630/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
7,492 sqft lot
$N/A/sqft
$300 annually 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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Listed by: Angela Meek • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #718605
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.