806 9th AveShenandoahIA51601
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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 Shenandoah at 806 9th Ave, Shenandoah, IA, 51601 uses $39,780 cash to close to unlock $1,452/yr annual cash flow and $121/mo monthly cash flow. Total monthly income runs $900/mo, and a $587/mo payment keeps the spread at $121/mo. Purchase price stands at $120,000, and rental yield measures 9% with $900/mo rent. Return on cash invested shows 23.56% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 122.79% and total cumulative return in cash records $48,847. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $900/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1900
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51601, Shenandoah, IA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
2,593
Single Family
2,292
Multi-Family
301
Businesses
292
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Listed by: Chris A Amos • Rubey Realty
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6333993