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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 1216 N Birch St, Creston, IA, 50801 offers a 8.39% rental yield on a $274,500 purchase with $1,920/mo rent. Total monthly income registers $1,920/mo, and a $1,344/mo payment leaves $137/mo available for distribution. Annual cash flow reaches $1,642/yr on $90,997 to close, and return on cash invested stands at 21.71% in year one. Equity gained on principal adds $1,771/yr while 5% annual appreciation supports $75,839 over five years. Portfolio math shows five-year ROI at 112.92% and total cumulative return in cash at $102,754. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,920/mo property income against a $1,344/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
0.36 Acres 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Ken E Callahan • Callahan Real Estate
Mls Name: NoCoast MLS
Mls ID: #6330940
