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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% |
Rental property for sale in Newton at 1010 W 15th St S, Newton, IA, 50208 generates $2,328/mo in rent and, after a $1,561/mo payment, leaves $218/mo in cash flow. Total monthly income is $2,328/mo, and annual cash flow is $2,617/yr on $105,749 invested. Return on cash invested sits at 22.38% in year one, and rental yield is 8.76% on a $319,000 entry. Equity gained on principal adds $2,058/yr, while 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 116.7% and total cumulative return in cash sums $123,409. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,328/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
0.26 Acres 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 |
|---|---|---|
| 2024-10-02 | Price change | $319,000 |
| 2024-08-28 | Listed for sale | $330,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $5310.00 | 8.95% | $292,580 | 16.41% |
| 2022-10-15 | $4874.00 | 10.82% | $251,330 | 8.58% |
| 2021-10-15 | $4398.00 | -2.78% | $231,480 | 16.09% |
Listed by: Heather Engbers • Iowa Realty Newton
Mls Name: DMMLS
Mls Provider:
Mls ID: #701784
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.
