211 NE 3rd StMelcher DallasIA50062
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
Investment property for sale in Melcher Dallas at 211 NE 3rd St, Melcher Dallas, IA, 50062 offers a 8.35% rental yield on a $164,900 purchase with $1,147/mo rent. Total monthly income registers $1,147/mo, and a $807/mo payment leaves $76/mo available for distribution. Annual cash flow reaches $914/yr on $54,664 to close, and return on cash invested stands at 21.58% in year one. Equity gained on principal adds $1,064/yr while 5% annual appreciation supports $45,559 over five years. Portfolio math shows five-year ROI at 112.29% and total cumulative return in cash at $61,384. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,147/mo property income against a $807/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1929
0.33 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: Arvin Van Waardhuizen • Iowa Realty Knoxville
Mls Name: DMMLS
Mls ID: #732954