4015 2nd Ave SW, Altoona, IA, 50009 | $297/mo Cash Flow

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4015 2nd Ave SW, Altoona, IA, 50009 | $297/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 4015 2nd Ave SW, Altoona, IA, 50009 uses $122,652 cash to close to unlock $3,564/yr annual cash flow and $297/mo monthly cash flow. Total monthly income runs $2,700/mo, and a $1,811/mo payment keeps the spread at $297/mo. Purchase price stands at $369,990, and rental yield measures 8.76% with $2,700/mo rent. Return on cash invested shows 22.81% in year one, and 5% annual appreciation builds toward $102,221 over five years. Five-year ROI reaches 118.86% and total cumulative return in cash records $145,790. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,700/mo property income covering a $1,811/mo payment rather than investor’s personal income.

Single Family

Built in 2025

0.26 Acres lot

$N/A/sqft

No HOA

More details about the property

D.R. Horton, Americas Builder, presents the Hamilton. This spacious Ranch home includes 4 Bedrooms & 3 Bathrooms. - Builders preferred lender offers exceptionally low 30-year fixed FHA/VA and Conventional Interest Rates. Calls us for details on how to save THOUSANDS of dollars! The Hamilton offers a Finished Basement providing nearly 2200 sqft of total living space! In the Main Living Area, youll find an open Great Room featuring a cozy fireplace. The Kitchen includes a Walk-In Pantry, Quartz Countertops, and a Large Island overlooking the Dining and Great Room. The Primary Bedroom offers a 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 and comes with an industry-leading suite of smart home products. Video doorbell, garage door control, lighting, door lock, thermostat, and voice. Also included are DEAKO decorative plug-n-play light switches with smart switch capability. Photos may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

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