409 2nd StAtkinsIA52206
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 409 2nd St, Atkins, IA, 52206 in Atkins at $182,000 earns $1,247/mo in rent and nets $65/mo after the $818/mo payment, a 8.22% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $50,283 over five years. Ziffy Mortgage underwrites this on a 1.52 DSCR without U.S. credit history. With $1,676/yr in principal paydown, total projected return reaches $73,480.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 5.6% |
| Monthly Cash Flow | $65 | $300 |
City averages based on Atkins market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,247 |
| Total Monthly Debt Service | $1,110 |
| DSCR Ratio | 1.12x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1961
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52206, Atkins, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 997 (100%) |
| Owner Occupied HU | 854 (85.7%) |
| Renter Occupied HU | 84 ( 8.4%) |
| Vacant Housing Units | 59 ( 5.9%) |
| Median Home Value | $306,997 |
| Average Home Value | $307,579 |
Housing Distribution
Address Breakdown
Residential
812
Single Family
804
Multi-Family
8
Businesses
36
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
Single Family
Built in 1961
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52206, Atkins, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 997 (100%) |
| Owner Occupied HU | 854 (85.7%) |
| Renter Occupied HU | 84 ( 8.4%) |
| Vacant Housing Units | 59 ( 5.9%) |
| Median Home Value | $306,997 |
| Average Home Value | $307,579 |
Housing Distribution
Address Breakdown
Residential
812
Single Family
804
Multi-Family
8
Businesses
36
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amanda Brant • Realty87
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2504562
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.