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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Altoona at 907 7th Ave SE UNIT 1, Altoona, IA, 50009 listed at $145,000 pairs $1,315/mo rent with a $710/mo payment to leave $373/mo cash flow. Total monthly income runs $1,315/mo, and annual cash flow reaches $4,476/yr on $48,068 cash to close. Return on cash invested measures 29.22% in year one, and rental yield registers 10.88% at a $145,000 basis. Equity gained on principal adds $936/yr, and annual property appreciation at 5% supports $40,061 by year five. Five-year ROI tracks 153.18% and total cumulative return in cash totals $73,628. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,315/mo property income relative to a $710/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50009, Altoona, IA area.
| 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 |
Residential
9,784
Single Family
8,330
Multi-Family
1,454
Businesses
564
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Pennie Carroll • Pennie Carroll & Associates
Mls Name: DMMLS
Mls ID: #728346
