502 SW Main StMelcher DallasIA50062
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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
Total monthly income runs $720/mo, and a $954/mo payment. Purchase price stands at $195,000, and rental yield measures 4.43% with $720/mo rent. Return on cash invested shows 9.77% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 48.86% and total cumulative return in cash records $31,582. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $720/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1917
0.43 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: Erin Rundall • Keller Williams Realty GDM
Mls Name: DMMLS
Mls ID: #731257