5642 70th AveAltaIA51002
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Alta at 5642 70th Ave, Alta, IA, 51002 listed at $499,000 pairs $2,980/mo rent with a $2,442/mo payment. Total monthly income runs $2,980/mo. Return on cash invested measures 18.02% in year one, and rental yield registers 7.17% at a $499,000 basis. Equity gained on principal adds $3,220/yr, and annual property appreciation at 5% supports $137,865 by year five. Five-year ROI tracks 93.11% and total cumulative return in cash totals $154,026. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,980/mo property income relative to a $2,442/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1889
6.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51002, Alta, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,206 (100%) |
| Owner Occupied HU | 862 (71.5%) |
| Renter Occupied HU | 242 (20.1%) |
| Vacant Housing Units | 102 ( 8.5%) |
| Median Home Value | $195,513 |
| Average Home Value | $278,274 |
Housing Distribution
Address Breakdown
Residential
1,141
Single Family
1,063
Multi-Family
78
Businesses
54
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rusty W Rasmus • Rasmus Realty & Auction
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828535
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.