37 Alta DrFort MadisonIA52627
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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
Rental property for sale in Fort Madison at 37 Alta Dr, Fort Madison, IA, 52627 priced at $139,000 pairs $1,069/mo rent with $167/mo cash flow after a $680/mo payment. Total monthly income equals $1,069/mo, and annual cash flow comes to $1,999/yr on $46,079 invested. Return on cash invested is 24.25% in year one, and rental yield stands at 9.23% on a $139,000 basis. Equity gained on principal adds $897/yr, and 5% annual appreciation accumulates to $38,403 by year five. Five-year ROI measures 126.53% and total cumulative return in cash reaches $58,304. For financing, Ziffy Mortgage’s DSCR program evaluates $1,069/mo property income against a $680/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1953
7,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52627, Fort Madison, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,939 (100%) |
| Owner Occupied HU | 3,809 (64.1%) |
| Renter Occupied HU | 1,362 (22.9%) |
| Vacant Housing Units | 768 (12.9%) |
| Median Home Value | $150,116 |
| Average Home Value | $194,161 |
Housing Distribution
Address Breakdown
Residential
5,523
Single Family
5,161
Multi-Family
362
Businesses
481
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Listed by: Karen S Hope • Hope Assoc. Real Estate
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6333165