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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 1301 W 9th St S, Newton, IA, 50208 offers a 15.13% rental yield on a $157,000 purchase with $1,980/mo rent. Total monthly income registers $1,980/mo, and a $768/mo payment leaves $927/mo available for distribution. Annual cash flow reaches $11,118/yr on $52,046 to close, and return on cash invested stands at 41.27% in year one. Equity gained on principal adds $1,013/yr while 5% annual appreciation supports $43,376 over five years. Portfolio math shows five-year ROI at 218.11% and total cumulative return in cash at $113,516. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,980/mo property income against a $768/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.29 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 |
|---|---|---|
| 2024-12-02 | Price change | $157,000 |
| 2024-11-12 | Listed for sale | $162,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-27 | $2798.00 | 5.03% | $141,510 | 12.31% |
| 2022-01-27 | $2664.00 | -4.31% | $126,000 | 5.20% |
| 2021-01-27 | $2784.00 | 1.63% | $119,770 | 0.90% |
Listed by: Robin Marcinik • Grinnell Realty LLC
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6322988
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.
