102 Killarney StMelroseIA52569
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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 Melrose at 102 Killarney St, Melrose, IA, 52569 offers $0/mo rent that, after a $612/mo payment. Total monthly income is $0/mo. Return on cash invested measures -3.61% in year one, and rental yield stands at 0% at a $125,000 entry. Equity gained on principal adds $807/yr while 5% annual appreciation compounds into $34,535 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $612/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52569, Melrose, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 459 (100%) |
| Owner Occupied HU | 226 (49.2%) |
| Renter Occupied HU | 33 ( 7.2%) |
| Vacant Housing Units | 200 (43.6%) |
| Median Home Value | $143,750 |
| Average Home Value | $191,759 |
Housing Distribution
Address Breakdown
Residential
341
Single Family
341
Multi-Family
0
Businesses
11
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices