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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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No similar rental properties found nearby.
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 New London at 202 N Pine St, New London, IA, 52645 offers $0/mo rent that, after a $1,101/mo payment. Total monthly income is $0/mo. Return on cash invested measures -3.6% in year one, and rental yield stands at 0% at a $225,000 entry. Equity gained on principal adds $1,452/yr while 5% annual appreciation compounds into $62,163 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $1,101/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52645, New London, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,459 (100%) |
| Owner Occupied HU | 1,140 (78.1%) |
| Renter Occupied HU | 249 (17.1%) |
| Vacant Housing Units | 70 ( 4.8%) |
| Median Home Value | $168,033 |
| Average Home Value | $217,375 |
Residential
1,314
Single Family
1,288
Multi-Family
26
Businesses
69
Date | Event | Price |
|---|---|---|
| 2025-08-01 | Listed for sale | $225,000 |
| 2006-10-12 | Sold | $115,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-05 | N/A | N/A | $179,680 | N/A |
| 2023-08-05 | N/A | N/A | $179,680 | 15.53% |
| 2022-08-05 | N/A | N/A | $155,530 | N/A |
No similar rental properties found nearby.
Listed by: Courtney Mullin • Meadow and Main Inc.
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6330352
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.
