1004 1st St N, Newton, IA, 50208 | $323/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1004 1st St N, Newton, IA, 50208 | $323/mo Cash Flow | Ziffy

For Sale

Listed for sale today

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Newton at 1004 1st St N, Newton, IA, 50208 listed at $169,000 pairs $1,420/mo rent with a $827/mo payment to leave $323/mo cash flow. Total monthly income runs $1,420/mo, and annual cash flow reaches $3,871/yr on $56,024 cash to close. Return on cash invested measures 26.82% in year one, and rental yield registers 10.08% at a $169,000 basis. Equity gained on principal adds $1,091/yr, and annual property appreciation at 5% supports $46,692 by year five. Five-year ROI tracks 140.31% and total cumulative return in cash totals $78,607. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,420/mo property income relative to a $827/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1920

0.27 Acres lot

$N/A/sqft

No HOA

More details about the property

A true mechanics dream with room to live, work, and create. This unique property features over 1,700 sq ft of shop/garage space, thoughtfully designed and equipped for serious projects or a home-based business. The expansive shop includes mechanical equipment such as an industrial air compressor, a HotBlast solid fuel warm air furnace, overhead framework that supports a hoist and trolley, tons of built in storage bins, shelves, cupboards, drawers, work bench, peg boards, tire storage, mounted squirrel cage blowers to move air, and an extra large garage door! The main home has been opened up, offering an airy, flexible layout with no bedrooms on the main level, perfect for entertaining, hobbies, or customizing the space to fit your lifestyle. The lower level includes one bedroom plus a small non-conforming bedroom, along with a second bathroom. Major updates provide peace of mind, including a newer roof, updated HVAC system, and a whole-house generator, ensuring comfort and reliability year-round. Whether you?re a mechanic, fabricator, small business owner, or simply someone looking for a one-of-a-kind property with unmatched shop space, this home offers possibilities you won't find elsewhere. Live where you work and work where you love!

Neighborhood Data

Neighborhood data shown for ZIP Code: 50208, Newton, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,966 (100%)
Owner Occupied HU	5,655 (63.1%)
Renter Occupied HU	2,601 (29.0%)
Vacant Housing Units	710 ( 7.9%)
Median Home Value	$171,711
Average Home Value	$218,468