Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Newton at 1602 N 2nd Ave W, Newton, IA, 50208 generates $1,153/mo in rent and, after a $734/mo payment, leaves $179/mo in cash flow. Total monthly income is $1,153/mo, and annual cash flow is $2,150/yr on $49,692 invested. Return on cash invested sits at 24.24% in year one, and rental yield is 9.23% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 126.51% and total cumulative return in cash sums $62,867. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,153/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
0.26 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 |
|---|---|---|
| 2025-03-28 | Listed for sale | $149,900 |
| 2022-04-26 | Sold | $117,900 |
| 2022-03-04 | Pending sale | $121,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-01 | $2220.00 | 37.04% | $128,320 | N/A |
| 2023-04-01 | $1620.00 | -8.58% | $128,320 | 56.76% |
| 2022-04-01 | $1772.00 | 39.31% | $81,860 | 2.83% |
Listed by: Huyser, ChyAnne • Realty ONE Group Impact
Mls Name: DMMLS
Mls Provider:
Mls ID: #714317
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.
