2370 520th AveMelroseIA52569
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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 Melrose at 2370 520th Ave, Melrose, IA, 52569 earns $167/mo cash flow from $2,634/mo rent with a $1,859/mo payment. Total monthly income totals $2,634/mo, and annual cash flow totals $2,006/yr on $125,937 capital. ROI tracks 21.5% on current figures, and rental yield reads 8.32% at a $379,900 purchase. Equity gained on principal adds $2,451/yr, and 5% annual appreciation supports $104,959 over five years. Five-year ROI reaches 111.81% and total cumulative return in cash sums $140,813. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,634/mo property income instead of your personal income.
Single Family
Built in 2008
4.50 Acres 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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Listed by: Keith Soldwisch • Zealty Home Advisors
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6319145
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.