104 W Spring RdMelcher DallasIA50062
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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 Melcher Dallas at 104 W Spring Rd, Melcher Dallas, IA, 50062 listed at $184,999 pairs $1,543/mo rent with a $905/mo payment to leave $342/mo cash flow. Total monthly income runs $1,543/mo, and annual cash flow reaches $4,104/yr on $61,327 cash to close. Return on cash invested measures 26.6% in year one, and rental yield registers 10.01% at a $184,999 basis. Equity gained on principal adds $1,194/yr, and annual property appreciation at 5% supports $51,112 by year five. Five-year ROI tracks 139.13% and total cumulative return in cash totals $85,322. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,543/mo property income relative to a $905/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1905
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50062, Dallas, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 382 (100%) |
| Owner Occupied HU | 293 (76.7%) |
| Renter Occupied HU | 51 (13.4%) |
| Vacant Housing Units | 38 ( 9.9%) |
| Median Home Value | $156,875 |
| Average Home Value | $194,480 |
Housing Distribution
Address Breakdown
Residential
258
Single Family
258
Multi-Family
0
Businesses
3
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Listed by: Misty Darling • BH&G Real Estate Innovations
Mls Name: DMMLS
Mls Provider:
Mls ID: #731476
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.