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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Altoona at 4038 2nd Ave SW, Altoona, IA, 50009 uses $136,906 cash to close to unlock $219/yr annual cash flow and $18/mo monthly cash flow. Total monthly income runs $2,700/mo, and a $2,021/mo payment keeps the spread at $18/mo. Purchase price stands at $412,990, and rental yield measures 7.85% with $2,700/mo rent. Return on cash invested shows 20.07% in year one, and 5% annual appreciation builds toward $114,102 over five years. Five-year ROI reaches 104.12% and total cumulative return in cash records $142,550. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,700/mo property income covering a $2,021/mo payment rather than investor’s personal income.
Single Family
Built in 2025
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50009, Altoona, IA area.
| 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 |
Residential
9,784
Single Family
8,330
Multi-Family
1,454
Businesses
564
Date | Event | Price |
|---|---|---|
| 2025-09-17 | Price change | $412,990 |
| 2025-08-27 | Pending sale | $379,990 |
| 2025-07-17 | Listed for sale | $379,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-21 | $36.00 | -14.29% | $2,410 | N/A |
| 2023-09-21 | $42.00 | N/A | $2,410 | N/A |
Listed by: Kathryn Greer • DRH Realty of Iowa, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #719606
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.
