902 West StShenandoahIA51601
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 902 West St, Shenandoah, IA, 51601 offers $1,075/mo rent that, after a $673/mo payment, leaves $182/mo cash flow. Total monthly income is $1,075/mo, and annual cash flow is $2,184/yr on $45,581 cash. Return on cash invested measures 24.7% in year one, and rental yield stands at 9.38% at a $137,500 entry. Equity gained on principal adds $887/yr while 5% annual appreciation compounds into $37,989 by year five. Five-year ROI records 128.96% and total cumulative return in cash reaches $58,781. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,075/mo property income versus a $673/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
6,500 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: Fabian Owen • 20060210204435873454000000
Mls Name: SWIAR
Mls ID: #25-505
Disclaimer: Copyright Southwest Iowa Association of Realtors. All rights reserved. Data is deemed reliable but is not guaranteed accurate by the MLS.