310 4th Ave, Melbourne, IA, 50162 | 7.44% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Melbourne at 310 4th Ave, Melbourne, IA, 50162 offers a 7.44% rental yield on a $149,900 purchase with $930/mo rent. 85% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 97.65% and total cumulative return in cash at $48,527. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $930/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 1999

0.27 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 50162, Melbourne, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	509 (100%)
Owner Occupied HU	383 (75.2%)
Renter Occupied HU	90 (17.7%)
Vacant Housing Units	36 ( 7.1%)
Median Home Value	$191,193
Average Home Value	$237,794