512 Normal College AveSheldonIA51201
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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 Sheldon at 512 Normal College Ave, Sheldon, IA, 51201 with 5% annual appreciation on a $264,000 basis while $1,724/mo rent supports operations. Total monthly income totals $1,724/mo and a $1,292/mo payment preserves $10/mo for cash returns. Annual cash flow comes to $115/yr on $87,516 deployed, and return on cash invested reaches 20.04% in year one. Equity gained on principal adds $1,704/yr, and five-year appreciation sums $72,938 alongside rental yield of 7.84%. Five-year ROI measures 103.95% and total cumulative return in cash totals $90,973.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,724/mo property income versus a $1,292/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1963
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51201, Sheldon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,830 (100%) |
| Owner Occupied HU | 1,698 (60.0%) |
| Renter Occupied HU | 828 (29.3%) |
| Vacant Housing Units | 304 (10.7%) |
| Median Home Value | $192,725 |
| Average Home Value | $227,967 |
Housing Distribution
Address Breakdown
Residential
2,870
Single Family
2,509
Multi-Family
361
Businesses
307
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Listed by: Amy Sietstra • Northwest Realty
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #827132
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.