804 North StShelbyIA51570
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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 804 North St, Shelby, IA, 51570 offers a 8.42% rental yield on a $185,000 purchase with $1,298/mo rent. Total monthly income registers $1,298/mo, and a $905/mo payment leaves $97/mo available for distribution. Annual cash flow reaches $1,164/yr on $61,328 to close, and return on cash invested stands at 21.81% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 113.38% and total cumulative return in cash at $69,531. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,298/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.33 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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