501 Elm 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 501 Elm St, Atlantic, IA, 50022 with 5% annual appreciation on a $104,000 basis while $796/mo rent supports operations. Total monthly income totals $796/mo and a $509/mo payment preserves $121/mo for cash returns. Annual cash flow comes to $1,447/yr on $34,476 deployed, and return on cash invested reaches 24.11% in year one. Equity gained on principal adds $671/yr, and five-year appreciation sums $28,733 alongside rental yield of 9.18%. Five-year ROI measures 125.83% and total cumulative return in cash totals $43,380.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $796/mo property income versus a $509/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1885
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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