410 E 5th StAtlanticIA50022
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 410 E 5th St, Atlantic, IA, 50022 in Atlantic hard to pass up. The 12.63% gross yield on a $129,900 purchase results in $1,367/mo in rent and $523/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.34). Annual cash flow of $6,280, five-year appreciation of $35,889, and $1,196/yr in equity build-up combine for a projected total cumulative return of $83,168.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.6% | 7.5% |
| Monthly Cash Flow | $523 | $150 |
City averages based on Atlantic market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,367 |
| Total Monthly Debt Service | $792 |
| DSCR Ratio | 1.73x |
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.
Multi Family
Built in 1880
5,227 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
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
Multi Family
Built in 1880
5,227 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Norma Hemphill • Meyer & Gross Real Estate Co
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6316675
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.