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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 2211 Us Highway 59, Shenandoah, IA, 51601 generates $994/mo in rent and, after a $538/mo payment, leaves $280/mo in cash flow. Total monthly income is $994/mo, and annual cash flow is $3,360/yr on $36,465 invested. Return on cash invested sits at 29.12% in year one, and rental yield is 10.84% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 152.66% and total cumulative return in cash sums $55,668. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $994/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
1.22 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 |
|---|---|---|
| 2025-06-13 | Listed for sale | $110,000 |
| 2023-05-11 | Sold | $81,606 |
| 2023-03-28 | Pending sale | $80,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-17 | $1328.00 | 41.28% | $106,830 | N/A |
| 2023-06-17 | $940.00 | 81.47% | $106,830 | 34.58% |
| 2022-06-17 | $518.00 | 8.37% | $79,380 | 1.68% |
Listed by: Amy Zwickel • Jim Hughes Real Estate
Mls Name: My State MLS
Mls ID: #11516241
