1864 40th PlMelcher 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 1864 40th Pl, Melcher Dallas, IA, 50062 offers a 3.46% rental yield on a $250,000 purchase with $720/mo rent. 82% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 33.03% and total cumulative return in cash at $27,370. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $720/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
20 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: Sherri Skay • Realty ONE Group Impact
Mls Name: DMMLS
Mls ID: #719619