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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Newton at 1007 S 5th Ave W, Newton, IA, 50208 listed at $295,000 pairs $1,980/mo rent with a $1,444/mo payment to leave $64/mo cash flow. Total monthly income runs $1,980/mo, and annual cash flow reaches $768/yr on $97,793 cash to close. Return on cash invested measures 20.69% in year one, and rental yield registers 8.05% at a $295,000 basis. Equity gained on principal adds $1,904/yr, and annual property appreciation at 5% supports $81,503 by year five. Five-year ROI tracks 107.43% and total cumulative return in cash totals $105,062. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,980/mo property income relative to a $1,444/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1925
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50208, Newton, IA area.
| 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 |
Residential
8,615
Single Family
7,477
Multi-Family
1,138
Businesses
647
Date | Event | Price |
|---|---|---|
| 2025-04-01 | Listed for sale | $295,000 |
| 2022-12-12 | Sold | $123,800 |
| 2022-10-24 | Listed for sale | $209,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-04 | $3778.00 | -0.53% | $200,560 | N/A |
| 2023-04-04 | $3798.00 | 7.78% | $200,560 | 17.28% |
| 2022-04-04 | $3524.00 | 2.14% | $171,010 | 7.97% |
Listed by: Jo Jenkins • RE/MAX Concepts Main Office
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6326197
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.
