612 Melendy LnCedar FallsIA50613
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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 Cedar Falls at 612 Melendy Ln, Cedar Falls, IA, 50613 with 5% annual appreciation on a $605,000 basis while $3,272/mo rent supports operations. 1% in year one. Equity gained on principal adds $3,904/yr, and five-year appreciation sums $167,150 alongside rental yield of 6.49%. Five-year ROI measures 82.78% and total cumulative return in cash totals $164,770. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,272/mo property income versus a $2,961/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2018
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50613, Cedar Falls, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,347 (100%) |
| Owner Occupied HU | 11,369 (62.0%) |
| Renter Occupied HU | 5,634 (30.7%) |
| Vacant Housing Units | 1,344 ( 7.3%) |
| Median Home Value | $275,639 |
| Average Home Value | $297,427 |
Housing Distribution
Address Breakdown
Residential
17,984
Single Family
15,039
Multi-Family
2,945
Businesses
1,424
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Listed by: Jessica E Schoof • Structure Real Estate
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20254355