612 E Division StAltonIA51003
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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
Rental property for sale in Alton at 612 E Division St, Alton, IA, 51003 generates $2,616/mo in rent and, after a $1,346/mo payment, leaves $831/mo in cash flow. Total monthly income is $2,616/mo, and annual cash flow is $9,974/yr on $91,129 invested. Return on cash invested sits at 30.85% in year one, and rental yield is 11.42% on a $274,900 entry. Equity gained on principal adds $1,774/yr, while 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 161.97% and total cumulative return in cash sums $147,603. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,616/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51003, Alton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 686 (100%) |
| Owner Occupied HU | 505 (73.6%) |
| Renter Occupied HU | 119 (17.3%) |
| Vacant Housing Units | 62 ( 9.0%) |
| Median Home Value | $252,500 |
| Average Home Value | $305,535 |
Housing Distribution
Address Breakdown
Residential
546
Single Family
546
Multi-Family
0
Businesses
55
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