605 Cherokee StAltaIA51002
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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 Alta at 605 Cherokee St, Alta, IA, 51002 at $165,000 posts ROI 26.8% with $314/mo cash flow from $1,386/mo rent. Total monthly income equals $1,386/mo, and annual cash flow records $3,768/yr on $54,698 to close. Return on cash invested measures 26.8% and rental yield reads 10.08% at the current $165,000. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 by year five. Five-year ROI prints 140.19% and total cumulative return in cash totals $76,679.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,386/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1890
6,098 sqft 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
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