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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% |
Rental property for sale in Creston at 204 Myrtle St, Creston, IA, 50801 priced at $150,000 converts $1,920/mo rent into $946/mo cash flow after a $734/mo obligation. Total monthly income equals $1,920/mo, and annual cash flow totals $11,352/yr on $49,725 invested. Return on cash invested prints 42.74% in year one, and rental yield reads 15.36% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 225.65% and total cumulative return in cash sums $112,206. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,920/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1940
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50801, Creston, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,417 (100%) |
| Owner Occupied HU | 2,674 (60.5%) |
| Renter Occupied HU | 1,246 (28.2%) |
| Vacant Housing Units | 497 (11.3%) |
| Median Home Value | $133,418 |
| Average Home Value | $182,572 |
Residential
3,973
Single Family
3,619
Multi-Family
354
Businesses
385
Date | Event | Price |
|---|---|---|
| 2024-10-16 | Listed for sale | $150,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $1086.00 | 1.31% | $85,970 | 50.22% |
| 2022-10-16 | $1072.00 | -20.12% | $57,230 | N/A |
| 2021-10-16 | $1342.00 | -12.48% | $57,230 | -12.29% |
Listed by: Retta Ripperger • R Realty
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6322210
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.
