1024 7th StSheldonIA51201
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderFor first-time U.S. investors or those diversifying conservatively, 1024 7th St, Sheldon, IA, 51201 in Sheldon offers a clean, manageable entry. Rental yield 7.53%. DSCR 1.39 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $74,568 in additional property value over five years, with $2,486/yr in principal equity building ownership stake. Total projected cumulative return: $98,876.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 7.0% |
| Monthly Cash Flow | $(60) | $1,200 |
City averages based on Sheldon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,693 |
| Total Monthly Debt Service | $1,645 |
| DSCR Ratio | 1.03x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1914
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51201, Sheldon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,830 (100%) |
| Owner Occupied HU | 1,698 (60.0%) |
| Renter Occupied HU | 828 (29.3%) |
| Vacant Housing Units | 304 (10.7%) |
| Median Home Value | $192,725 |
| Average Home Value | $227,967 |
Housing Distribution
Address Breakdown
Residential
2,870
Single Family
2,509
Multi-Family
361
Businesses
307
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1914
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51201, Sheldon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,830 (100%) |
| Owner Occupied HU | 1,698 (60.0%) |
| Renter Occupied HU | 828 (29.3%) |
| Vacant Housing Units | 304 (10.7%) |
| Median Home Value | $192,725 |
| Average Home Value | $227,967 |
Housing Distribution
Address Breakdown
Residential
2,870
Single Family
2,509
Multi-Family
361
Businesses
307
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices