1117 Melrose DrCedar FallsIA50613
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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 Cedar Falls at 1117 Melrose Dr, Cedar Falls, IA, 50613 generates $2,321/mo in rent and, after a $1,268/mo payment, leaves $639/mo in cash flow. Total monthly income is $2,321/mo, and annual cash flow is $7,663/yr on $85,859 invested. Return on cash invested sits at 28.83% in year one, and rental yield is 10.75% on a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 151.1% and total cumulative return in cash sums $129,736. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,321/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50613, Cedar Falls, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,347 (100%) |
| Owner Occupied HU | 11,369 (62.0%) |
| Renter Occupied HU | 5,634 (30.7%) |
| Vacant Housing Units | 1,344 ( 7.3%) |
| Median Home Value | $275,639 |
| Average Home Value | $297,427 |
Housing Distribution
Address Breakdown
Residential
17,984
Single Family
15,039
Multi-Family
2,945
Businesses
1,424
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Listed by: Joshua Bey • Oakridge Real Estate
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20255468