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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 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 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 |
|---|---|---|
| 2025-08-01 | Listed for sale | $419,000 |
| 2017-09-26 | Sold | $170,000 |
| 2017-08-17 | Pending sale | $189,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-05 | $4396.00 | 6.39% | $246,470 | N/A |
| 2023-08-05 | $4132.00 | -9.74% | $246,470 | 12.54% |
| 2022-08-05 | $4578.00 | 10.69% | $219,010 | -8.04% |
Listed by: Amy Zwickel • Jim Hughes Real Estate
Mls Name: My State MLS
Mls ID: #11546947
