983 10th Ave NWAltoonaIA50009
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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 Altoona at 983 10th Ave NW, Altoona, IA, 50009 listed at $166,250 pairs $2,002/mo rent with a $814/mo payment to leave $733/mo cash flow. Total monthly income runs $2,002/mo, and annual cash flow reaches $8,796/yr on $55,112 cash to close. Return on cash invested measures 35.87% in year one, and rental yield registers 14.45% at a $166,250 basis. Equity gained on principal adds $1,073/yr, and annual property appreciation at 5% supports $45,932 by year five. Five-year ROI tracks 190.32% and total cumulative return in cash totals $104,888. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,002/mo property income relative to a $814/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1980
1,873 sqft lot
$N/A/sqft
$189 monthly 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
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Listed by: James Von Gillern • Coldwell Banker Mid-America
Mls Name: DMMLS
Mls Provider:
Mls ID: #677709
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.