88 1st AveAtkinsIA52206
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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
Rental property for sale in Atkins at 88 1st Ave, Atkins, IA, 52206 priced at $625,000 converts $948/mo rent into after a $3,059/mo obligation. Total monthly income equals $948/mo. Return on cash invested prints 1.9% in year one, and rental yield reads 1.82% against a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation compiles into $172,676 by year five. Five-year ROI reaches 6.66% and total cumulative return in cash sums $13,693. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $948/mo property income covering a $3,059/mo payment, not borrower’s personal income.
Multi Family
Built in 1974
0.35 Acres 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
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Listed by: Kristena Dunn • RUHL & RUHL REALTORS®
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2504229
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.