509 Olive StMelbourneAR72556
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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
Rental property for sale in Melbourne at 509 Olive St, Melbourne, AR, 72556 offers $720/mo rent that, after a $1,468/mo payment. Total monthly income is $720/mo. Return on cash invested measures 6.84% in year one, and rental yield stands at 2.88% at a $299,900 entry. Equity gained on principal adds $1,935/yr while 5% annual appreciation compounds into $82,857 by year five. Five-year ROI records 32.55% and total cumulative return in cash reaches $32,356. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $720/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 72556, Melbourne, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,752 (100%) |
| Owner Occupied HU | 1,024 (58.4%) |
| Renter Occupied HU | 375 (21.4%) |
| Vacant Housing Units | 353 (20.1%) |
| Median Home Value | $181,169 |
| Average Home Value | $208,433 |
Housing Distribution
Address Breakdown
Residential
1,144
Single Family
1,144
Multi-Family
0
Businesses
185
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