601 8th AveShenandoahIA51601
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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 Shenandoah at 601 8th Ave, Shenandoah, IA, 51601 offers $900/mo rent that, after a $563/mo payment, leaves $153/mo cash flow. Total monthly income is $900/mo, and annual cash flow is $1,836/yr on $38,123 cash. Return on cash invested measures 24.73% in year one, and rental yield stands at 9.39% at a $115,000 entry. Equity gained on principal adds $742/yr while 5% annual appreciation compounds into $31,772 by year five. Five-year ROI records 129.05% and total cumulative return in cash reaches $49,197. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $900/mo property income versus a $563/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
7,405 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: Rhonda Byers • McIntyre Real Estate LLC
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6326236
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.