208 W Summit AveShenandoahIA51601
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
Investment Highlights
Investment property for sale in Shenandoah at 208 W Summit Ave, Shenandoah, IA, 51601 listed at $169,500 pairs $900/mo rent with a $830/mo payment. Total monthly income runs $900/mo. Return on cash invested measures 15.61% in year one, and rental yield registers 6.37% at a $169,500 basis. Equity gained on principal adds $1,094/yr, and annual property appreciation at 5% supports $46,830 by year five. Five-year ROI tracks 80.21% and total cumulative return in cash totals $45,068. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $900/mo property income relative to a $830/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
0.25 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: Shawn P Munsinger • Orton Realty
Mls Name: NoCoast MLS
Mls ID: #6331239