229 E 13th St NNewtonIA50208
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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
Investment Highlights
Investment property for sale in Newton at 229 E 13th St N, Newton, IA, 50208 listed at $164,000 pairs $1,374/mo rent with a $803/mo payment to leave $309/mo cash flow. Total monthly income runs $1,374/mo, and annual cash flow reaches $3,703/yr on $54,366 cash to close. Return on cash invested measures 26.72% in year one, and rental yield registers 10.05% at a $164,000 basis. Equity gained on principal adds $1,058/yr, and annual property appreciation at 5% supports $45,310 by year five. Five-year ROI tracks 139.8% and total cumulative return in cash totals $76,005. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,374/mo property income relative to a $803/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1925
7,296 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50208, Newton, IA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
8,615
Single Family
7,477
Multi-Family
1,138
Businesses
647
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