941 17th St SEAltoonaIA50009
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 941 17th St SE, Altoona, IA, 50009 earns $116/mo cash flow from $2,259/mo rent with a $1,615/mo payment. Total monthly income totals $2,259/mo, and annual cash flow totals $1,394/yr on $109,362 capital. ROI tracks 21.18% on current figures, and rental yield reads 8.22% at a $329,900 purchase. Equity gained on principal adds $2,129/yr, and 5% annual appreciation supports $91,145 over five years. Five-year ROI reaches 110.11% and total cumulative return in cash sums $120,423. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,259/mo property income instead of your personal income.
Single Family
Built in 2020
7,840 sqft 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
Listed by: Van Winkle Real Estate Team • RE/MAX Concepts-Ames
Mls Name: CIBR
Mls Provider:
Mls ID: #67282
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. Data is deemed reliable but not accurate.