112 Arrowhead RdMelroseIA52569
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 Melrose at 112 Arrowhead Rd, Melrose, IA, 52569 priced at $184,500 pairs $1,903/mo rent with $705/mo cash flow after a $903/mo payment. Total monthly income equals $1,903/mo, and annual cash flow comes to $8,458/yr on $61,162 invested. Return on cash invested is 33.74% in year one, and rental yield stands at 12.38% on a $184,500 basis. Equity gained on principal adds $1,191/yr, and 5% annual appreciation accumulates to $50,974 by year five. Five-year ROI measures 177.43% and total cumulative return in cash reaches $108,518. For financing, Ziffy Mortgage’s DSCR program evaluates $1,903/mo property income against a $903/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2020
8,712 sqft 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
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