102 E 12th StAtlanticIA50022
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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 Atlantic at 102 E 12th St, Atlantic, IA, 50022 offers a 8.59% rental yield on a $207,500 purchase with $1,485/mo rent. Total monthly income registers $1,485/mo, and a $1,016/mo payment leaves $137/mo available for distribution. Annual cash flow reaches $1,644/yr on $68,786 to close, and return on cash invested stands at 22.3% in year one. Equity gained on principal adds $1,339/yr while 5% annual appreciation supports $57,328 over five years. Portfolio math shows five-year ROI at 116.04% and total cumulative return in cash at $79,823. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,485/mo property income against a $1,016/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50022, Atlantic, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,911 (100%) |
| Owner Occupied HU | 2,454 (62.7%) |
| Renter Occupied HU | 1,141 (29.2%) |
| Vacant Housing Units | 316 ( 8.1%) |
| Median Home Value | $167,337 |
| Average Home Value | $225,992 |
Housing Distribution
Address Breakdown
Residential
3,758
Single Family
3,386
Multi-Family
372
Businesses
430
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Listed by: Deborah Waterbury • Atlantic Home Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6326442
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.