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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Shenandoah at 811 W Summit Ave, Shenandoah, IA, 51601 priced at $185,000 converts $1,390/mo rent into $189/mo cash flow after a $905/mo obligation. Total monthly income equals $1,390/mo, and annual cash flow totals $2,268/yr on $61,328 invested. Return on cash invested prints 23.61% in year one, and rental yield reads 9.02% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 123.06% and total cumulative return in cash sums $75,471. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,390/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1900
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 51601, Shenandoah, IA area.
| 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 |
Residential
2,593
Single Family
2,292
Multi-Family
301
Businesses
292
Date | Event | Price |
|---|---|---|
| 2025-05-10 | Listed for sale | $185,000 |
| 2023-08-24 | Listing removed | N/A |
| 2023-08-01 | Listed for rent | $1,300 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-14 | $1396.00 | 42.16% | $91,550 | 22.15% |
| 2023-05-14 | $982.00 | -18.17% | $74,950 | 50.08% |
| 2022-05-14 | $1200.00 | 10.50% | $49,940 | -16.82% |
Listed by: Amy Zwickel • Jim Hughes Real Estate
Mls Name: My State MLS
Mls ID: #11494035
