620 4th Ave APT 4SheldonIA51201
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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 620 4th Ave APT 4, Sheldon, IA, 51201 uses $39,614 cash to close to unlock $3,310/yr annual cash flow and $276/mo monthly cash flow. Total monthly income runs $1,052/mo, and a $585/mo payment keeps the spread at $276/mo. Purchase price stands at $119,500, and rental yield measures 10.56% with $1,052/mo rent. Return on cash invested shows 28.26% in year one, and 5% annual appreciation builds toward $33,016 over five years. Five-year ROI reaches 148.05% and total cumulative return in cash records $58,650. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,052/mo property income covering a $585/mo payment rather than investor’s personal income.
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
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Listed by: Dennis De Jong • Northwest Realty
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #827982
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.