305 E 21st St, Atlantic, IA, 50022 | $289/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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305 E 21st St, Atlantic, IA, 50022 | $289/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Atlantic at 305 E 21st St, Atlantic, IA, 50022 earns $289/mo cash flow from $2,400/mo rent with a $1,591/mo payment. Total monthly income totals $2,400/mo, and annual cash flow totals $3,468/yr on $107,738 capital. ROI tracks 23.13% on current figures, and rental yield reads 8.86% at a $325,000 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 over five years. Five-year ROI reaches 120.49% and total cumulative return in cash sums $129,817. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,400/mo property income instead of your personal income.

Single Family

Built in 1966

0.61 Acres lot

$N/A/sqft

No HOA

More details about the property

Talk about value! This brick ranch sits on 3 lots, has first-floor laundry, an attached 2-car garage, 2 full baths, 2 fireplaces, a finished walkout basement, plus a workroom and loads of storage. The bones are solid and the big stuff is done - new roof and fence in 2024, new sewer line in 2024 and HVAC in 2016 - it just needs your finishing touches. On the main floor you will find a dedicated living room and open dining area just off the kitchen. There is an updated full bath with double sink and three bedrooms, including an ensuite primary full bathroom. You can walk out on a partially covered large deck that has been well cared for. On the lower level you will find a large fourth bedroom, a partial bath, and a perfect family room with a wood-burning fireplace. Sellers are leaving an amazing pool table with all the gear plus a Ping Pong topper. Reverse osmosis system in kitchen and water softener are also included.

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