404 Main StShellsburgIA52332
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 404 Main St, Shellsburg, IA, 52332 priced at $239,900 converts $1,482/mo rent into after a $1,174/mo obligation. Total monthly income equals $1,482/mo. Return on cash invested prints 18.76% in year one, and rental yield reads 7.41% against a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation compiles into $66,280 by year five. Five-year ROI reaches 97.17% and total cumulative return in cash sums $77,275. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,482/mo property income covering a $1,174/mo payment, not borrower’s personal income.
Single Family
Built in 1975
0.96 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeremy Trenkamp • Realty87
Mls Name: Iowa City Area AOR
Mls ID: #202506772