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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% |
Investment property for sale in Newton at 2424 N 7th Ave E, Newton, IA, 50208 listed at $360,000 pairs $2,562/mo rent with a $1,762/mo payment to leave $224/mo cash flow. Total monthly income runs $2,562/mo, and annual cash flow reaches $2,688/yr on $119,340 cash to close. Return on cash invested measures 22.16% in year one, and rental yield registers 8.54% at a $360,000 basis. Equity gained on principal adds $2,323/yr, and annual property appreciation at 5% supports $99,461 by year five. Five-year ROI tracks 115.31% and total cumulative return in cash totals $137,613. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,562/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2019
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50208, Newton, IA area.
| 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 |
Residential
8,615
Single Family
7,477
Multi-Family
1,138
Businesses
647
Date | Event | Price |
|---|---|---|
| 2025-04-10 | Price change | $360,000 |
| 2025-04-03 | Listed for sale | $375,000 |
| 2022-07-11 | Sold | $315,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-17 | $5174.00 | 1.41% | $321,040 | 12.61% |
| 2023-04-17 | $5102.00 | 7.14% | $285,100 | 24.12% |
| 2022-04-17 | $4762.00 | 3.84% | $229,700 | 7.33% |
Listed by: Mason Good • RE/MAX Revolution
Mls Name: DMMLS
Mls Provider:
Mls ID: #714817
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.
