620 4th Ave APT 1SheldonIA51201
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 620 4th Ave APT 1, Sheldon, IA, 51201 in Sheldon: $1,139/mo in rent, $363/mo in net income, 11.44% gross yield, 2.12 DSCR, all at $119,500. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $33,016 in appreciation and $1,101/yr in principal paydown projects total cumulative return of $68,857.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 7.0% |
| Monthly Cash Flow | $363 | $1,200 |
City averages based on Sheldon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,139 |
| Total Monthly Debt Service | $729 |
| DSCR Ratio | 1.56x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1984
0.34 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1984
0.34 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dennis De Jong • Northwest Realty
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #827929
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.