1585 State Highway 2, Shenandoah, IA, 51601 | 5.85% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1585 State Highway 2, Shenandoah, IA, 51601 | 5.85% Rental Yield | 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

Total monthly income runs $1,998/mo, and a $2,007/mo payment. Purchase price stands at $410,000, and rental yield measures 5.85% with $1,998/mo rent. Return on cash invested shows 14.04% in year one, and 5% annual appreciation builds toward $113,275 over five years. Five-year ROI reaches 71.74% and total cumulative return in cash records $97,511. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,998/mo property income covering a $2,007/mo payment rather than investor’s personal income.

Single Family

Built in 2008

2.92 Acres lot

$N/A/sqft

No HOA

More details about the property

Picture your nearly 3-acre country sanctuary. Zero-step entry, enjoy seamless barrier-free access, making every arrival feel effortless.Modern comfort installed, brand-new AC and electric heat pump ensure a cozy haven year-round.Expansive backyard charm, meticulously designed landscaping creates inviting spaces for quiet reflection and nature watching, all within a private and tranquil setting.Full unfinished walk-out basement offers a blank canvas for your vision, perfect for storage, a workshop, game room, extra bedrooms or a private guest suite.Mornings on the patio or the Sunroom sipping coffee amid the soft rustle of new-growth greenery. Space to roam, garden, entertain, or just breathe.Added extras include a chicken coop and a concrete poured floor Pole barn.

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