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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 1115 W 16th St S, Newton, IA, 50208 listed at $240,000 pairs $1,763/mo rent with a $1,175/mo payment to leave $169/mo cash flow. Total monthly income runs $1,763/mo, and annual cash flow reaches $2,023/yr on $79,560 cash to close. Return on cash invested measures 22.45% in year one, and rental yield registers 8.82% at a $240,000 basis. Equity gained on principal adds $1,549/yr, and annual property appreciation at 5% supports $66,308 by year five. Five-year ROI tracks 117.11% and total cumulative return in cash totals $93,170. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,763/mo property income relative to a $1,175/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2000
6,098 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 |
|---|---|---|
| 2024-07-30 | Listed for sale | $240,000 |
| 2014-01-17 | Listing removed | $159,900 |
| 2013-08-13 | Sold | $156,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $4072.00 | 9.40% | $228,070 | 18.64% |
| 2022-10-15 | $3722.00 | 3.16% | $192,230 | 9.08% |
| 2021-10-15 | $3608.00 | -3.76% | $176,230 | 8.48% |
Listed by: Jeremy Dittmer • Iowa Realty Newton
Mls Name: DMMLS
Mls Provider:
Mls ID: #699957
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.
