313 9th St 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 313 9th St SE, Altoona, IA, 50009 with 5% annual appreciation on a $315,000 basis while $3,077/mo rent supports operations. Total monthly income totals $3,077/mo and a $1,542/mo payment preserves $1,031/mo for cash returns. Annual cash flow comes to $12,372/yr on $104,423 deployed, and return on cash invested reaches 31.76% in year one. Equity gained on principal adds $2,033/yr, and five-year appreciation sums $87,029 alongside rental yield of 11.72%. Five-year ROI measures 166.77% and total cumulative return in cash totals $174,149.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,077/mo property income versus a $1,542/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1967
7,971 sqft 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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Listed by: Schmidt, Kimberley • RE/MAX Hilltop
Mls Name: DMMLS
Mls Provider:
Mls ID: #717653
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.