1405 S Elm St, Shenandoah, IA, 51601 | $497/mo Cash Flow

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1405 S Elm St, Shenandoah, IA, 51601 | $497/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Shenandoah at 1405 S Elm St, Shenandoah, IA, 51601 offers a 10.1% rental yield on a $259,000 purchase with $2,179/mo rent. Total monthly income registers $2,179/mo, and a $1,268/mo payment leaves $497/mo available for distribution. Annual cash flow reaches $5,959/yr on $85,859 to close, and return on cash invested stands at 26.85% in year one. Equity gained on principal adds $1,671/yr while 5% annual appreciation supports $71,557 over five years. Portfolio math shows five-year ROI at 140.47% and total cumulative return in cash at $120,604. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,179/mo property income against a $1,268/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1956

10,454 sqft lot

$N/A/sqft

No HOA

More details about the property

Solid and clean - so many unique and original features! The hardwood floors have recently been refinished and are gorgeous. 3 bedrooms and 2 baths are offered in this home. Many built in cabinets for tons of storage. Enjoy siting in the living room soaking up the warmth from the gas fireplace while watching the quiet neighborhood outside. The front porch offers built in flowerbeds while the back yard has a generous concrete patio. This sits in a well established neighborhood, close to the hospital and school campuses. About an hour away from Lincoln, Omaha and Offut AFB. Call/text today for more information!

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