708 Locust 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 708 Locust St, Atlantic, IA, 50022 uses $43,062 cash to close to unlock $1,742/yr annual cash flow and $145/mo monthly cash flow. Total monthly income runs $989/mo, and a $636/mo payment keeps the spread at $145/mo. Purchase price stands at $129,900, and rental yield measures 9.14% with $989/mo rent. Return on cash invested shows 23.95% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 125.06% and total cumulative return in cash records $53,851. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $989/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1910
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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