403 6th AveSheldonIA51201
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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 Sheldon at 403 6th Ave, Sheldon, IA, 51201 uses $42,764 cash to close to unlock $3,607/yr annual cash flow and $301/mo monthly cash flow. Total monthly income runs $1,138/mo, and a $631/mo payment keeps the spread at $301/mo. Purchase price stands at $129,000, and rental yield measures 10.59% with $1,138/mo rent. Return on cash invested shows 28.34% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 148.53% and total cumulative return in cash records $63,517. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,138/mo property income covering a $631/mo payment rather than investor’s personal income.
Townhouse
Built in 1975
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51201, Sheldon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,830 (100%) |
| Owner Occupied HU | 1,698 (60.0%) |
| Renter Occupied HU | 828 (29.3%) |
| Vacant Housing Units | 304 (10.7%) |
| Median Home Value | $192,725 |
| Average Home Value | $227,967 |
Housing Distribution
Address Breakdown
Residential
2,870
Single Family
2,509
Multi-Family
361
Businesses
307
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