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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 Creston at 1206 W Adair St, Creston, IA, 50801 with 5% annual appreciation on a $237,500 basis while $1,920/mo rent supports operations. Total monthly income totals $1,920/mo and a $1,162/mo payment preserves $378/mo for cash returns. Annual cash flow comes to $4,536/yr on $78,731 deployed, and return on cash invested reaches 25.67% in year one. Equity gained on principal adds $1,533/yr, and five-year appreciation sums $65,617 alongside rental yield of 9.7%. Five-year ROI measures 134.12% and total cumulative return in cash totals $105,597.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,920/mo property income versus a $1,162/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50801, Creston, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,417 (100%) |
| Owner Occupied HU | 2,674 (60.5%) |
| Renter Occupied HU | 1,246 (28.2%) |
| Vacant Housing Units | 497 (11.3%) |
| Median Home Value | $133,418 |
| Average Home Value | $182,572 |
Residential
3,973
Single Family
3,619
Multi-Family
354
Businesses
385
Date | Event | Price |
|---|---|---|
| 2024-10-09 | Price change | $237,500 |
| 2024-09-18 | Listed for sale | $247,000 |
| 2024-09-04 | Pending sale | $247,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $2108.00 | 0.96% | $31,910 | -66.84% |
| 2022-10-16 | $2088.00 | -0.10% | $96,220 | N/A |
| 2021-10-16 | $2090.00 | -8.00% | $96,220 | 4.94% |
Listed by: Kiki Scarberry • Our Town Realty, LLC
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6319217
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.
