221 S Peterson St, Creston, IA, 50801 | $366/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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221 S Peterson St, Creston, IA, 50801 | $366/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Creston at 221 S Peterson St, Creston, IA, 50801 at $110,000 posts ROI 31.95% with $366/mo cash flow from $1,080/mo rent. Total monthly income equals $1,080/mo, and annual cash flow records $4,392/yr on $36,465 to close. Return on cash invested measures 31.95% and rental yield reads 11.78% at the current $110,000. Equity gained on principal adds $710/yr, and 5% annual appreciation supports $30,391 by year five. Five-year ROI prints 167.8% and total cumulative return in cash totals $61,188.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,080/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1890

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming 1-Story Home on a Corner Lot Near McKinley Park! This affordable and inviting home offers more than meets the eye! With over 1,200 sq. ft. of living space, this 2-bedroom home with a non-conforming 3rd bedroom is full of potentialperfect for first-time buyers or savvy investors looking for a solid property in a great location. Step inside to find a spacious layout featuring a large bathroom and main-floor laundry conveniently located in the mudroom area. The homes cozy front porch adds to its curb appeal, creating a welcoming spot to relax and enjoy the neighborhood. Recent updates include a new roof and new siding in 2024, giving the exterior a fresh look and ensuring peace of mind for years to come. Outside, youll appreciate the large corner lot, providing plenty of room for outdoor activities, gardening, or future expansion. Theres also a small attached garage with a gravel floor and driveway, great for parking or extra storage space. Located just blocks from McKinley Park, one of Crestons favorite community spots! The park offers something for everyonea scenic lake with walking trails, swimming pool, skate park, basketball and pickleball courts, and multiple playgrounds for all ages. Its also home to the community band shell, wh This home combines comfort, affordability, and convenience in one great package. Whether youre ready to move in or invest, 221 S Peterson Street is a smart choice!

Neighborhood Data

Neighborhood data shown for ZIP Code: 50801, Creston, IA area.

Housing Distribution

Housing Statistics

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