314 W 3rd 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 314 W 3rd St, Alta, IA, 51002 uses $52,709 cash to close to unlock $2,971/yr annual cash flow and $248/mo monthly cash flow. Total monthly income runs $1,280/mo, and a $778/mo payment keeps the spread at $248/mo. Purchase price stands at $159,000, and rental yield measures 9.66% with $1,280/mo rent. Return on cash invested shows 25.55% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 133.5% and total cumulative return in cash records $70,368. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,280/mo property income covering a $778/mo payment rather than investor’s personal income.
Single Family
Built in 1900
9,583 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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