Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 116 S 2nd Ave E, Newton, IA, 50208 earns $466/mo cash flow from $1,667/mo rent with a $905/mo payment. Total monthly income totals $1,667/mo, and annual cash flow totals $5,592/yr on $61,328 capital. ROI tracks 29.03% on current figures, and rental yield reads 10.81% at a $185,000 purchase. Equity gained on principal adds $1,194/yr, and 5% annual appreciation supports $51,112 over five years. Five-year ROI reaches 152.12% and total cumulative return in cash sums $93,291. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,667/mo property income instead of your personal income.
Single Family
Built in 1920
4,356 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 |
|---|---|---|
| 2024-07-22 | Price change | $185,000 |
| 2024-02-27 | Price change | $235,000 |
| 2012-11-16 | Price change | $55,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $1960.00 | 7.57% | $100,500 | 18.21% |
| 2022-10-15 | $1822.00 | 1.33% | $85,020 | 7.58% |
| 2021-10-15 | $1798.00 | 1.66% | $79,030 | 6.81% |
Listed by: Geri Doyle • RE/MAX Results
Mls Name: DMMLS
Mls Provider:
Mls ID: #699629
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.
