509 W Nishna RdShenandoahIA51601
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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 509 W Nishna Rd, Shenandoah, IA, 51601 offers a 10.61% rental yield on a $154,000 purchase with $1,361/mo rent. Total monthly income registers $1,361/mo, and a $754/mo payment leaves $361/mo available for distribution. Annual cash flow reaches $4,327/yr on $51,051 to close, and return on cash invested stands at 28.39% in year one. Equity gained on principal adds $994/yr while 5% annual appreciation supports $42,547 over five years. Portfolio math shows five-year ROI at 148.75% and total cumulative return in cash at $75,938. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,361/mo property income against a $754/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.27 Acres 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: Amy Zwickel • Jim Hughes Real Estate
Mls Name: My State MLS
Mls ID: #11348317