905 7th Ave SE UNIT 16AltoonaIA50009
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 Altoona at 905 7th Ave SE UNIT 16, Altoona, IA, 50009 uses $54,698 cash to close to unlock $2,544/yr annual cash flow and $212/mo monthly cash flow. Total monthly income runs $1,284/mo, and a $808/mo payment keeps the spread at $212/mo. Purchase price stands at $165,000, and rental yield measures 9.34% with $1,284/mo rent. Return on cash invested shows 24.56% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 128.17% and total cumulative return in cash records $70,103. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,284/mo property income covering a $808/mo payment rather than investor’s personal income.
Condo
Built in 2004
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices