605 Western AveShelbyIA51570
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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 Shelby at 605 Western Ave, Shelby, IA, 51570 uses $46,079 cash to close to unlock $3,819/yr annual cash flow and $318/mo monthly cash flow. Total monthly income runs $1,263/mo, and a $680/mo payment keeps the spread at $318/mo. Purchase price stands at $139,000, and rental yield measures 10.9% with $1,263/mo rent. Return on cash invested shows 28.2% in year one, and 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 148.15% and total cumulative return in cash records $68,264. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,263/mo property income covering a $680/mo payment rather than investor’s personal income.
Single Family
Built in 1976
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51570, Shelby, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 498 (100%) |
| Owner Occupied HU | 320 (64.3%) |
| Renter Occupied HU | 125 (25.1%) |
| Vacant Housing Units | 53 (10.6%) |
| Median Home Value | $209,000 |
| Average Home Value | $233,156 |
Housing Distribution
Address Breakdown
Residential
374
Single Family
374
Multi-Family
0
Businesses
23
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Listed by: Kevin Osborn • Osborn Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6325551
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.