100 W Clarinda AveShenandoahIA51601
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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 Shenandoah at 100 W Clarinda Ave, Shenandoah, IA, 51601 uses $75,914 cash to close to unlock $2,575/yr annual cash flow and $215/mo monthly cash flow. Total monthly income runs $1,702/mo, and a $1,121/mo payment keeps the spread at $215/mo. Purchase price stands at $229,000, and rental yield measures 8.92% with $1,702/mo rent. Return on cash invested shows 23.3% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 121.45% and total cumulative return in cash records $92,201. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,702/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 1995
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51601, Shenandoah, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,905 (100%) |
| Owner Occupied HU | 1,629 (56.1%) |
| Renter Occupied HU | 937 (32.3%) |
| Vacant Housing Units | 339 (11.7%) |
| Median Home Value | $134,422 |
| Average Home Value | $177,239 |
Housing Distribution
Address Breakdown
Residential
2,593
Single Family
2,292
Multi-Family
301
Businesses
292
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Listed by: Amy Zwickel • Jim Hughes Real Estate
Mls Name: My State MLS
Mls ID: #11323534