1102 N 6th Ave ENewtonIA50208
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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
Investment Highlights
Investment property for sale in Newton at 1102 N 6th Ave E, Newton, IA, 50208 uses $47,073 cash to close to unlock $2,854/yr annual cash flow and $238/mo monthly cash flow. Total monthly income runs $1,160/mo, and a $695/mo payment keeps the spread at $238/mo. Purchase price stands at $142,000, and rental yield measures 9.8% with $1,160/mo rent. Return on cash invested shows 25.97% in year one, and 5% annual appreciation builds toward $39,232 over five years. Five-year ROI reaches 135.78% and total cumulative return in cash records $63,914. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,160/mo property income covering a $695/mo payment rather than investor’s personal income.
Single Family
Built in 1954
6,429 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
8,615
Single Family
7,477
Multi-Family
1,138
Businesses
647
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Listed by: Megan Meyer • Iowa Realty Newton
Mls Name: DMMLS
Mls Provider:
Mls ID: #710005
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.