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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Melrose at 208 Pine Ridge Rd, Melrose, IA, 52569 priced at $249,000 converts $1,513/mo rent into after a $1,219/mo obligation. Total monthly income equals $1,513/mo. Return on cash invested prints 18.39% in year one, and rental yield reads 7.29% against a $249,000 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation compiles into $68,794 by year five. Five-year ROI reaches 95.12% and total cumulative return in cash sums $78,512. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,513/mo property income covering a $1,219/mo payment, not borrower’s personal income.
Single Family
Built in 1973
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52569, Melrose, IA area.
| 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 |
Residential
341
Single Family
341
Multi-Family
0
Businesses
11
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
