606 Hooper StMelbourneIA50162
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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 Melbourne at 606 Hooper St, Melbourne, IA, 50162 at $239,900 posts ROI 11.97% with from $1,032/mo rent. Total monthly income equals $1,032/mo. Return on cash invested measures 11.97% and rental yield reads 5.16% at the current $239,900. Equity gained on principal adds $1,548/yr, and 5% annual appreciation supports $66,280 by year five. Five-year ROI prints 60.74% and total cumulative return in cash totals $48,307. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,032/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1976
7,405 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
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