3127 61st Street LnShellsburgIA52332
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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 3127 61st Street Ln, Shellsburg, IA, 52332 generates $1,853/mo in rent, after a $2,638/mo payment. Total monthly income is $1,853/mo. Return on cash invested sits at 8.91% in year one, and rental yield is 4.13% on a $539,000 entry. Equity gained on principal adds $3,478/yr, while 5% annual appreciation builds toward $148,916 over five years. Five-year ROI reaches 44.24% and total cumulative return in cash sums $78,456. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,853/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
28.72 Acres 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: Dan Kaestner • IOWA REALTY
Mls Name: CRAAR, CDRMLS
Mls ID: #2509927