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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Shenandoah at 1750 State Highway 48, Shenandoah, IA, 51601 generates $2,018/mo in rent and, after a $1,463/mo payment, leaves $77/mo in cash flow. Total monthly income is $2,018/mo, and annual cash flow is $919/yr on $99,119 invested. Return on cash invested sits at 20.84% in year one, and rental yield is 8.1% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 108.23% and total cumulative return in cash sums $107,278. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,018/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
1 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 51601, Shenandoah, IA area.
| 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 |
Residential
2,593
Single Family
2,292
Multi-Family
301
Businesses
292
Date | Event | Price |
|---|---|---|
| 2025-05-09 | Listed for sale | $299,000 |
| 2023-04-18 | Listing removed | N/A |
| 2022-12-17 | Price change | $319,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-13 | $3382.00 | 11.62% | $269,020 | N/A |
| 2023-05-13 | $3030.00 | 16.36% | $269,020 | 14.98% |
| 2022-05-13 | $2604.00 | 0.23% | $233,970 | 11.90% |
Listed by: Leanne Haynes • United Country Gilworth Real Estate & Auction
Mls Name: SWIAR
Mls ID: #25-817
Disclaimer: Copyright Southwest Iowa Association of Realtors. All rights reserved. Data is deemed reliable but is not guaranteed accurate by the MLS.
