500 Des Moines StShelbyIA51570
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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 Shelby at 500 Des Moines St, Shelby, IA, 51570 listed at $282,000 pairs $1,788/mo rent with a $1,380/mo payment. Total monthly income runs $1,788/mo. Return on cash invested measures 19.35% in year one, and rental yield registers 7.61% at a $282,000 basis. Equity gained on principal adds $1,820/yr, and annual property appreciation at 5% supports $77,911 by year five. Five-year ROI tracks 100.27% and total cumulative return in cash totals $93,733. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,788/mo property income relative to a $1,380/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2007
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51570, Shelby, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 498 (100%) |
| Owner Occupied HU | 320 (64.3%) |
| Renter Occupied HU | 125 (25.1%) |
| Vacant Housing Units | 53 (10.6%) |
| Median Home Value | $209,000 |
| Average Home Value | $233,156 |
Housing Distribution
Address Breakdown
Residential
374
Single Family
374
Multi-Family
0
Businesses
23
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Listed by: Vickie Errett • United Country Loess Hills RE
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6328292
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.