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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 Newton at 1300 E 7th St S, Newton, IA, 50208 listed at $189,900 pairs $1,151/mo rent with a $929/mo payment. Total monthly income runs $1,151/mo. Return on cash invested measures 18.35% in year one, and rental yield registers 7.27% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 94.94% and total cumulative return in cash totals $59,765. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,151/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1938
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50208, Newton, IA area.
| 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 |
Residential
8,615
Single Family
7,477
Multi-Family
1,138
Businesses
647
Date | Event | Price |
|---|---|---|
| 2025-04-21 | Listed for sale | $189,900 |
| 2024-12-04 | Sold | $58,710 |
| 2024-10-17 | Pending sale | $74,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-24 | $1662.00 | -10.84% | $96,860 | N/A |
| 2023-04-24 | $1864.00 | 5.07% | $96,860 | 10.87% |
| 2022-04-24 | $1774.00 | 23.37% | $87,360 | 5.01% |
Listed by: jHo Goh • GoSynergy Realty
Mls Name: DMMLS
Mls Provider:
Mls ID: #715551
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.
