327 E Mindy DrShell RockIA50670
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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
Investment property for sale in Shell Rock at 327 E Mindy Dr, Shell Rock, IA, 50670 offers a 6.17% rental yield on a $268,000 purchase with $1,378/mo rent. 01% in year one. Equity gained on principal adds $1,729/yr while 5% annual appreciation supports $74,043 over five years. Portfolio math shows five-year ROI at 77% and total cumulative return in cash at $68,409. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,378/mo property income against a $1,312/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50670, Shell Rock, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 887 (100%) |
| Owner Occupied HU | 676 (76.2%) |
| Renter Occupied HU | 136 (15.3%) |
| Vacant Housing Units | 75 ( 8.5%) |
| Median Home Value | $188,462 |
| Average Home Value | $225,226 |
Housing Distribution
Address Breakdown
Residential
619
Single Family
568
Multi-Family
51
Businesses
44
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Listed by: Cara Shanks • Century 21 Signature Real Estate-Waverly
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20254445