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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 305 N Walnut St, Creston, IA, 50801 generates $1,216/mo in rent and, after a $844/mo payment, leaves $96/mo in cash flow. Total monthly income is $1,216/mo, and annual cash flow is $1,152/yr on $57,184 invested. Return on cash invested sits at 21.92% in year one, and rental yield is 8.46% on a $172,500 entry. Equity gained on principal adds $1,113/yr, while 5% annual appreciation builds toward $47,659 over five years. Five-year ROI reaches 114.04% and total cumulative return in cash sums $65,210. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,216/mo property income rather than buyer’s personal income.
Single Family
Built in 1895
7,405 sqft 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 |
|---|---|---|
| 2025-08-29 | Sold | $172,500 |
| 2025-07-11 | Pending sale | $179,000 |
| 2025-06-18 | Price change | $179,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-12 | $874.00 | -9.71% | $22,420 | -50.88% |
| 2023-10-12 | $968.00 | 0.83% | $45,640 | 13.82% |
| 2022-10-12 | $960.00 | -13.82% | $40,100 | N/A |
Listed by: Kiki Scarberry • Our Town Realty, LLC
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6328289
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.
