1304 W Thomas 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 1304 W Thomas Ave, Shenandoah, IA, 51601 earns $268/mo cash flow from $1,015/mo rent with a $563/mo payment. Total monthly income totals $1,015/mo, and annual cash flow totals $3,216/yr on $38,123 capital. ROI tracks 28.34% on current figures, and rental yield reads 10.59% at a $115,000 purchase. Equity gained on principal adds $742/yr, and 5% annual appreciation supports $31,772 over five years. Five-year ROI reaches 148.47% and total cumulative return in cash sums $56,601. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,015/mo property income instead of your personal income.
Single Family
Built in 1900
0.28 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: Julie O'hara • Jim Hughes Real Estate
Mls Name: My State MLS
Mls ID: #11340558