1200 Chestnut 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
Rental property for sale in Atlantic at 1200 Chestnut St, Atlantic, IA, 50022 generates $2,400/mo in rent and, after a $1,512/mo payment, leaves $394/mo in cash flow. Total monthly income is $2,400/mo, and annual cash flow is $4,723/yr on $102,434 invested. Return on cash invested sits at 24.52% in year one, and rental yield is 9.32% on a $309,000 entry. Equity gained on principal adds $1,994/yr, while 5% annual appreciation builds toward $85,371 over five years. Five-year ROI reaches 127.98% and total cumulative return in cash sums $131,093. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,400/mo property income rather than buyer’s personal income.
Single Family
Built in 1922
0.61 Acres 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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