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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 104 1st Ave E APT 1, Newton, IA, 50208 generates $725/mo in rent, after a $2,932/mo payment. Total monthly income is $725/mo. Return on cash invested sits at -2.46% in year one, and rental yield is 1.45% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $725/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
N/A lot
$N/A/sqft
$6,400 annually 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 |
|---|---|---|
| 2024-06-24 | Price change | $599,000 |
| 2024-04-05 | Listed for sale | $699,000 |
| 2023-12-16 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $506.00 | 6.30% | $26,080 | 18.82% |
| 2022-10-15 | $476.00 | 64.14% | $21,950 | 6.14% |
| 2021-10-15 | $290.00 | 1.44% | $20,680 | 72.91% |
Listed by: Bergman, Scot • Agency Iowa
Mls Name: DMMLS
Mls Provider:
Mls ID: #692679
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.
