504 SE Center StMelcher DallasIA50062
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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
Rental property for sale in Melcher Dallas at 504 SE Center St, Melcher Dallas, IA, 50062 priced at $239,999 pairs $720/mo rent with after a $1,175/mo payment. Total monthly income equals $720/mo. Return on cash invested is 7.25% in year one, and rental yield stands at 3.6% on a $239,999 basis. Equity gained on principal adds $1,549/yr, and 5% annual appreciation accumulates to $66,307 by year five. Five-year ROI measures 35.36% and total cumulative return in cash reaches $28,130. For financing, Ziffy Mortgage’s DSCR program evaluates $720/mo property income against a $1,175/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1976
0.49 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: George Romero • RE/MAX Concepts
Mls Name: DMMLS
Mls ID: #724561