220 Golfview CtShellsburgIA52332
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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 Shellsburg at 220 Golfview Ct, Shellsburg, IA, 52332 priced at $315,000 converts $2,393/mo rent into $347/mo cash flow after a $1,542/mo obligation. Total monthly income equals $2,393/mo, and annual cash flow totals $4,164/yr on $104,423 invested. Return on cash invested prints 23.9% in year one, and rental yield reads 9.12% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 124.61% and total cumulative return in cash sums $130,121. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,393/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52332, Shellsburg, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 752 (100%) |
| Owner Occupied HU | 620 (82.4%) |
| Renter Occupied HU | 81 (10.8%) |
| Vacant Housing Units | 51 ( 6.8%) |
| Median Home Value | $303,043 |
| Average Home Value | $311,681 |
Housing Distribution
Address Breakdown
Residential
705
Single Family
701
Multi-Family
4
Businesses
35
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Listed by: Meagan Bennett-Twins Home Team • Lee's Town & Country Real Estate
Mls Name: CRAAR, CDRMLS
Mls ID: #2506533