506 West 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
Rental property for sale in Shelby at 506 West St, Shelby, IA, 51570 priced at $145,000 converts $1,158/mo rent into $216/mo cash flow after a $710/mo obligation. Total monthly income equals $1,158/mo, and annual cash flow totals $2,592/yr on $48,068 invested. Return on cash invested prints 25.3% in year one, and rental yield reads 9.58% against a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation compiles into $40,061 by year five. Five-year ROI reaches 132.16% and total cumulative return in cash sums $63,524. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,158/mo property income covering a $710/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.41 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: Randy Ouren • Ouren Real Estate
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6325142
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.