124 Emerson Hough DrNewtonIA50208
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Newton at 124 Emerson Hough Dr, Newton, IA, 50208 offers $1,420/mo rent that, after a $729/mo payment, leaves $453/mo cash flow. Total monthly income is $1,420/mo, and annual cash flow is $5,431/yr on $49,394 cash. Return on cash invested measures 30.9% in year one, and rental yield stands at 11.44% at a $149,000 entry. Equity gained on principal adds $961/yr while 5% annual appreciation compounds into $41,166 by year five. Five-year ROI records 162.22% and total cumulative return in cash reaches $80,128. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,420/mo property income versus a $729/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
0.31 Acres 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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