405 2nd AveMelbourneIA50162
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 Melbourne at 405 2nd Ave, Melbourne, IA, 50162 earns $21/mo cash flow from $930/mo rent with a $685/mo payment. Total monthly income totals $930/mo, and annual cash flow totals $252/yr on $46,410 capital. ROI tracks 20.45% on current figures, and rental yield reads 7.97% at a $140,000 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,679 over five years. Five-year ROI reaches 106.14% and total cumulative return in cash sums $49,258. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $930/mo property income instead of your personal income.
Single Family
Built in 1966
6,969 sqft 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 |
Housing Distribution
Address Breakdown
Residential
335
Single Family
335
Multi-Family
0
Businesses
19
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices