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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Atlantic at 9 Ridge Rd, Atlantic, IA, 50022 priced at $345,000 converts $2,400/mo rent into $159/mo cash flow after a $1,689/mo obligation. Total monthly income equals $2,400/mo, and annual cash flow totals $1,908/yr on $114,368 invested. Return on cash invested prints 21.58% in year one, and rental yield reads 8.35% against a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation compiles into $95,317 by year five. Five-year ROI reaches 112.18% and total cumulative return in cash sums $128,296. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $1,689/mo payment, not borrower’s personal income.
Single Family
Built in 1920
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50022, Atlantic, IA area.
| 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 |
Residential
3,758
Single Family
3,386
Multi-Family
372
Businesses
430
Date | Event | Price |
|---|---|---|
| 2025-05-09 | Listed for sale | $345,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-13 | $3912.00 | 11.84% | $225,200 | N/A |
| 2023-05-13 | $3498.00 | 1.75% | $225,200 | 30.85% |
| 2022-05-13 | $3438.00 | 6.24% | $172,110 | N/A |
Listed by: Dennis Phillips • Property Connection Real Estate
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6327454
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.
