1003 N Spruce StCrestonIA50801
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Creston at 1003 N Spruce St, Creston, IA, 50801 earns from $1,080/mo rent with a $1,170/mo payment. Total monthly income totals $1,080/mo. ROI tracks 12.75% on current figures, and rental yield reads 5.42% at a $239,000 purchase. Equity gained on principal adds $1,542/yr, and 5% annual appreciation supports $66,031 over five years. Five-year ROI reaches 64.89% and total cumulative return in cash sums $51,408. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,080/mo property income instead of your personal income.
Single Family
Built in 1954
0.28 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 50801, Creston, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,417 (100%) |
| Owner Occupied HU | 2,674 (60.5%) |
| Renter Occupied HU | 1,246 (28.2%) |
| Vacant Housing Units | 497 (11.3%) |
| Median Home Value | $133,418 |
| Average Home Value | $182,572 |
Housing Distribution
Address Breakdown
Residential
3,973
Single Family
3,619
Multi-Family
354
Businesses
385
Price History
Date | Event | Price |
|---|---|---|
| 2025-02-27 | Listed for sale | $239,000 |
| 2024-06-21 | Sold | $210,000 |
| 2024-05-13 | Pending sale | $219,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-04 | $2210.00 | -10.82% | $160,700 | 19.53% |
| 2023-03-04 | $2478.00 | 0.98% | $134,440 | 16.95% |
| 2022-03-04 | $2454.00 | -11.22% | $114,960 | N/A |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1954
- Architectural Style: N/A
- Building Area: N/A
- Living Area: 1,424 sqft
- Property Condition: Previously Owned
Features & Amenities
- Heating: Forced Air
- Cooling: Central Air
- Flooring: Carpet, Hardwood, Concrete, Floor Drains, Hardwood Floors
- Interior Features: Natural Woodwork, Ceiling Fan(s), Interior Trim(Birch)
- Exterior Features: N/A
- Parking Features: Attached, Insulated Garage, Concrete, Garage Door Opener
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Natural Gas Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Retta Ripperger • R Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6325262
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.