306 NW 2nd StMelcher DallasIA50163
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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 306 NW 2nd St, Melcher Dallas, IA, 50163 earns from $0/mo rent with a $538/mo payment. Total monthly income totals $0/mo. ROI tracks -3.6% on current figures, and rental yield reads 0% at a $109,900 purchase. Equity gained on principal adds $709/yr, and 5% annual appreciation supports $30,363 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $0/mo property income instead of your personal income.
Single Family
Built in 1925
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50163, Melcher, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 310 (100%) |
| Owner Occupied HU | 218 (70.3%) |
| Renter Occupied HU | 46 (14.8%) |
| Vacant Housing Units | 46 (14.8%) |
| Median Home Value | $81,111 |
| Average Home Value | $100,837 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
31
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No similar rental properties found nearby.
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Listed by: Joshua Jenkins • RE/MAX Precision
Mls Name: DMMLS
Mls ID: #728261