905 E Mahogany DrAtlanticIA50022
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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 Atlantic at 905 E Mahogany Dr, Atlantic, IA, 50022 priced at $114,750 pairs $929/mo rent with $183/mo cash flow after a $562/mo payment. Total monthly income equals $929/mo, and annual cash flow comes to $2,201/yr on $38,040 invested. Return on cash invested is 25.69% in year one, and rental yield stands at 9.72% on a $114,750 basis. Equity gained on principal adds $740/yr, and 5% annual appreciation accumulates to $31,703 by year five. Five-year ROI measures 134.36% and total cumulative return in cash reaches $51,111. For financing, Ziffy Mortgage’s DSCR program evaluates $929/mo property income against a $562/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1956
5,662 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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Listed by: David Knudsen • Meyer & Gross Real Estate Co
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6325579
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.