202 E Summit 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
Rental property for sale in Shenandoah at 202 E Summit Ave, Shenandoah, IA, 51601 priced at $419,000 pairs $2,003/mo rent with after a $2,051/mo payment. Total monthly income equals $2,003/mo. Return on cash invested is 13.7% in year one, and rental yield stands at 5.74% on a $419,000 basis. Equity gained on principal adds $2,704/yr, and 5% annual appreciation accumulates to $115,762 by year five. Five-year ROI measures 69.97% and total cumulative return in cash reaches $97,181. For financing, Ziffy Mortgage’s DSCR program evaluates $2,003/mo property income against a $2,051/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1925
2.02 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: Amy Zwickel • Jim Hughes Real Estate
Mls Name: My State MLS
Mls ID: #11546947