18 W Ridge DrShenandoahIA51601
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 18 W Ridge Dr, Shenandoah, IA, 51601 in Shenandoah at $339,500 earns $2,251/mo in rent and nets $46/mo after the $1,527/mo payment, a 7.96% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $93,798 over five years. Ziffy Mortgage underwrites this on a 1.47 DSCR without U.S. credit history. With $3,127/yr in principal paydown, total projected return reaches $132,135.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 7.5% |
| Monthly Cash Flow | $46 | $300 |
City averages based on Shenandoah market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,251 |
| Total Monthly Debt Service | $2,070 |
| DSCR Ratio | 1.09x |
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 2006
0.52 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
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 2006
0.52 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Duane Safarik • NP Dodge RE Sales Inc Sarpy
Mls Name: GPRMLS
Mls Provider:
Mls ID: #22515563
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