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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 New Sharon at 208 W Walnut St, New Sharon, IA, 50207 priced at $193,000 converts $1,578/mo rent into $324/mo cash flow after a $945/mo obligation. Total monthly income equals $1,578/mo, and annual cash flow totals $3,890/yr on $63,980 invested. Return on cash invested prints 25.99% in year one, and rental yield reads 9.81% against a $193,000 entry. Equity gained on principal adds $1,245/yr, while 5% annual appreciation compiles into $53,322 by year five. Five-year ROI reaches 135.92% and total cumulative return in cash sums $86,958. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,578/mo property income covering a $945/mo payment, not borrower’s personal income.
Single Family
Built in 1912
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50207, New Sharon, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,045 (100%) |
| Owner Occupied HU | 732 (70.0%) |
| Renter Occupied HU | 206 (19.7%) |
| Vacant Housing Units | 107 (10.2%) |
| Median Home Value | $230,159 |
| Average Home Value | $291,499 |
Residential
719
Single Family
684
Multi-Family
35
Businesses
64
Date | Event | Price |
|---|---|---|
| 2024-10-04 | Price change | $193,000 |
| 2024-08-01 | Price change | $199,000 |
| 2024-07-05 | Listed for sale | $213,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $2436.00 | 2.10% | $138,730 | 13.78% |
| 2022-10-15 | $2386.00 | 9.05% | $121,930 | N/A |
| 2021-10-15 | $2188.00 | 1.96% | $121,930 | 10.39% |
Listed by: Janet Winn • Century 21 Signature
Mls Name: DMMLS
Mls Provider:
Mls ID: #698357
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.
