1230 1st Ave ENewtonIA50208
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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
Investment Highlights
Investment property for sale in Newton at 1230 1st Ave E, Newton, IA, 50208 uses $43,758 cash to close to unlock $3,658/yr annual cash flow and $305/mo monthly cash flow. Total monthly income runs $1,162/mo, and a $646/mo payment keeps the spread at $305/mo. Purchase price stands at $132,000, and rental yield measures 10.56% with $1,162/mo rent. Return on cash invested shows 28.27% in year one, and 5% annual appreciation builds toward $36,469 over five years. Five-year ROI reaches 148.08% and total cumulative return in cash records $64,795. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,162/mo property income covering a $646/mo payment rather than investor’s personal income.
Single Family
Built in 1925
6,098 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
8,615
Single Family
7,477
Multi-Family
1,138
Businesses
647
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Listed by: Megan Meyer • Iowa Realty Newton
Mls Name: DMMLS
Mls Provider:
Mls ID: #703227
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.