509 12th St SEAltoonaIA50009
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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 Altoona at 509 12th St SE, Altoona, IA, 50009 earns $895/mo cash flow from $2,700/mo rent with a $1,360/mo payment. Total monthly income totals $2,700/mo, and annual cash flow totals $10,744/yr on $92,124 capital. ROI tracks 31.57% on current figures, and rental yield reads 11.66% at a $277,900 purchase. Equity gained on principal adds $1,793/yr, and 5% annual appreciation supports $76,779 over five years. Five-year ROI reaches 165.82% and total cumulative return in cash sums $152,757. 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 1972
9,801 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
9,784
Single Family
8,330
Multi-Family
1,454
Businesses
564
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Listed by: Katie Bloom • LPT Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #714347
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.