3328 12th Ave SW, Altoona, IA, 50009 | $427/mo Cash Flow

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3328 12th Ave SW, Altoona, IA, 50009 | $427/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Altoona at 3328 12th Ave SW, Altoona, IA, 50009 earns $427/mo cash flow from $2,700/mo rent with a $1,713/mo payment. Total monthly income totals $2,700/mo, and annual cash flow totals $5,124/yr on $116,022 capital. ROI tracks 24.33% on current figures, and rental yield reads 9.26% at a $349,990 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,696 over five years. Five-year ROI reaches 126.97% and total cumulative return in cash sums $147,311. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,700/mo property income instead of your personal income.

Single Family

Built in 2025

6,882 sqft lot

$N/A/sqft

No HOA

More details about the property

D.R. Horton, Americas Builder, presents the Hamilton. This home is located in our Brook Ridge community in Altoona. This community is just a few blocks away from Clay Elementary School, Loupee Park, and the Spring Creek Ridge Sports Complex! - 5 YEAR TAX ABATEMENT - The Hamilton Ranch home includes 3 Bedrooms and 2 Bathrooms. As you make your way into the main living area, youll find an open Great Room featuring a cozy fireplace. The Gourmet Kitchen includes a Walk-In Pantry, Quartz Countertops and a Large Island overlooking the Dining and Great Room. The Primary Bedroom offers a large Walk-In Closet, as well as an ensuite bathroom with dual vanity sink and walk-in shower. Two additional Large Bedrooms and the second full Bathroom are split from the Primary Bedroom at the opposite side of the home. . In the Finished Lower Level, youll find an additional Oversized living space along with the Fourth Bed, full bath, and tons of storage space! All D.R. Horton Iowa homes include our Americas Smart Home Technology as well as DEAKO decorative plug-n-play light switches. This home is currently under construction. Photos may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances. Special financing is available through Builders preferred lender offering exceptionally low 30-year fixed FHA/VA and Conventional Rates. See Builder representative for details on how to save THOUSANDS of dollars!

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