811 W Summit 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
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
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: Amy Zwickel • Jim Hughes Real Estate
Mls Name: My State MLS
Mls ID: #11494035