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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Shenandoah at 601 E Nishna Rd, Shenandoah, IA, 51601 offers $1,292/mo rent that, after a $808/mo payment, leaves $220/mo cash flow. Total monthly income is $1,292/mo, and annual cash flow is $2,640/yr on $54,698 cash. Return on cash invested measures 24.74% in year one, and rental yield stands at 9.4% at a $165,000 entry. Equity gained on principal adds $1,065/yr while 5% annual appreciation compounds into $45,586 by year five. Five-year ROI records 129.11% and total cumulative return in cash reaches $70,619. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,292/mo property income versus a $808/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 51601, Shenandoah, IA area.
| 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 |
Residential
2,593
Single Family
2,292
Multi-Family
301
Businesses
292
Date | Event | Price |
|---|---|---|
| 2024-09-26 | Price change | $165,000 |
| 2024-09-12 | Price change | $167,000 |
| 2024-08-21 | Listed for sale | $175,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $1776.00 | -4.62% | $111,800 | 12.69% |
| 2022-10-14 | $1862.00 | 11.10% | $99,210 | -2.89% |
| 2021-10-14 | $1676.00 | -2.10% | $102,160 | 19.32% |
Listed by: Julie O'hara • Jim Hughes Real Estate
Mls Name: My State MLS
Mls ID: #11334586
