1215 S 16th Ave W, Newton, IA, 50208 | 6.37% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1215 S 16th Ave W, Newton, IA, 50208 | 6.37% Rental Yield | Ziffy

For Sale

Listed for sale 7 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Newton at 1215 S 16th Ave W, Newton, IA, 50208 earns from $1,374/mo rent with a $1,268/mo payment. Total monthly income totals $1,374/mo. ROI tracks 15.6% on current figures, and rental yield reads 6.37% at a $259,000 purchase. Equity gained on principal adds $1,671/yr, and 5% annual appreciation supports $71,557 over five years. Five-year ROI reaches 80.15% and total cumulative return in cash sums $68,812. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,374/mo property income instead of your personal income.

Single Family

Built in 1960

0.81 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming split level home on a quiet street with tons of potential - Discover an incredible opportunity on the southwest side of Newton! This classic 1960 split level home offers over 2200 sq ft of living space when you add the spacious back addition that expands your layout options and offers tons of flexibility for modern living. Inside you'll find 3 bedrooms with 1.5 bathrooms and the kind of solid construction you'll only get from homes of this era. This home has great bones and endless potential for someone to add their own style and updates. This property offers a rare chance to get into a desirable area at an affordable price. Located on a double lot with almost an acre of in town land on a peaceful street with mature trees, this home has space, charm, and location. If you're looking for value, space and a chance to build equity, this is the one!

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