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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 1509 W 13th St S, Newton, IA, 50208 offers a 9.48% rental yield on a $289,500 purchase with $2,287/mo rent. Total monthly income registers $2,287/mo, and a $1,417/mo payment leaves $336/mo available for distribution. Annual cash flow reaches $4,036/yr on $95,969 to close, and return on cash invested stands at 24.11% in year one. Equity gained on principal adds $1,868/yr while 5% annual appreciation supports $79,984 over five years. Portfolio math shows five-year ROI at 126.14% and total cumulative return in cash at $121,059. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,287/mo property income against a $1,417/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.36 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 |
|---|---|---|
| 2024-09-20 | Price change | $289,500 |
| 2024-08-09 | Listed for sale | $299,000 |
| 2015-11-05 | Sold | $185,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $5246.00 | 7.41% | $277,560 | 17.51% |
| 2022-10-15 | $4884.00 | 1.33% | $236,200 | 7.62% |
| 2021-10-15 | $4820.00 | 1.64% | $219,480 | 6.80% |
Listed by: Toni Peska • Iowa Realty Newton
Mls Name: DMMLS
Mls Provider:
Mls ID: #700709
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.
