518 Maple StMelvinIA51350
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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
Investment property for sale in Melvin at 518 Maple St, Melvin, IA, 51350 with 5% annual appreciation on a $145,000 basis while $988/mo rent supports operations. Total monthly income totals $988/mo and a $710/mo payment preserves $46/mo for cash returns. Annual cash flow comes to $552/yr on $48,068 deployed, and return on cash invested reaches 21.06% in year one. Equity gained on principal adds $936/yr, and five-year appreciation sums $40,061 alongside rental yield of 8.18%. Five-year ROI measures 109.39% and total cumulative return in cash totals $52,580.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $988/mo property income versus a $710/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1959
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51350, Melvin, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 200 (100%) |
| Owner Occupied HU | 148 (74.0%) |
| Renter Occupied HU | 24 (12.0%) |
| Vacant Housing Units | 28 (14.0%) |
| Median Home Value | $93,333 |
| Average Home Value | $138,851 |
Housing Distribution
Address Breakdown
Residential
107
Single Family
107
Multi-Family
0
Businesses
18
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Listed by: Corey Elgersma • ISB Services Inc
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #821539
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.