607 Grand 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
Investment property for sale in Melcher Dallas at 607 Grand St, Melcher Dallas, IA, 50062 earns $110/mo cash flow from $1,402/mo rent with a $974/mo payment. Total monthly income totals $1,402/mo, and annual cash flow totals $1,315/yr on $65,969 capital. ROI tracks 21.9% on current figures, and rental yield reads 8.45% at a $199,000 purchase. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 over five years. Five-year ROI reaches 113.95% and total cumulative return in cash sums $75,174. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,402/mo property income instead of your personal income.
Single Family
Built in 1917
0.44 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: Joshua Jenkins • RE/MAX Precision
Mls Name: DMMLS
Mls Provider:
Mls ID: #717929
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.