508 West StShenandoahIA51601
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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 Shenandoah at 508 West St, Shenandoah, IA, 51601 with 5% annual appreciation on a $153,500 basis while $1,151/mo rent supports operations. Total monthly income totals $1,151/mo and a $751/mo payment preserves $154/mo for cash returns. Annual cash flow comes to $1,853/yr on $50,885 deployed, and return on cash invested reaches 23.55% in year one. Equity gained on principal adds $991/yr, and five-year appreciation sums $42,409 alongside rental yield of 9%. Five-year ROI measures 122.82% and total cumulative return in cash totals $62,497.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,151/mo property income versus a $751/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1902
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51601, Shenandoah, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,905 (100%) |
| Owner Occupied HU | 1,629 (56.1%) |
| Renter Occupied HU | 937 (32.3%) |
| Vacant Housing Units | 339 (11.7%) |
| Median Home Value | $134,422 |
| Average Home Value | $177,239 |
Housing Distribution
Address Breakdown
Residential
2,593
Single Family
2,292
Multi-Family
301
Businesses
292
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Listed by: Shawn P Munsinger • Orton Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6329556
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.