305 NW 1st 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
Investment property for sale in Alta at 305 NW 1st St, Alta, IA, 51002 offers a 9.71% rental yield on a $143,900 purchase with $1,164/mo rent. Total monthly income registers $1,164/mo, and a $704/mo payment leaves $230/mo available for distribution. Annual cash flow reaches $2,757/yr on $47,703 to close, and return on cash invested stands at 25.69% in year one. Equity gained on principal adds $929/yr while 5% annual appreciation supports $39,757 over five years. Portfolio math shows five-year ROI at 134.28% and total cumulative return in cash at $64,055. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,164/mo property income against a $704/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
0.28 Acres 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: Bob Bauer • Compass Real Estate of NW IA
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #825589
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.