305 S 5th Ave E, Newton, IA, 50208 | $323/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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305 S 5th Ave E, Newton, IA, 50208 | $323/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 Newton at 305 S 5th Ave E, Newton, IA, 50208 earns $323/mo cash flow from $1,420/mo rent with a $827/mo payment. Total monthly income totals $1,420/mo, and annual cash flow totals $3,871/yr on $56,024 capital. ROI tracks 26.82% on current figures, and rental yield reads 10.08% at a $169,000 purchase. Equity gained on principal adds $1,091/yr, and 5% annual appreciation supports $46,692 over five years. Five-year ROI reaches 140.31% and total cumulative return in cash sums $78,607. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,420/mo property income instead of your personal income.

Single Family

Built in 1955

0.27 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautifully Updated Ranch - Move-In Ready Inside and Out! This charming ranch has been thoughtfully updated from top to bottom. The exterior features low-maintenance siding, newer windows, a new roof (2023), an attached garage, a spacious back deck, and a fully fenced yard perfect for outdoor enjoyment. Inside, you'll find a modern kitchen featuring stainless steel appliances (gas stove, microwave, dishwasher, and refrigerator), white cabinetry with sleek hardware, granite countertops, and a tile floor that ties it all together. The living room and bedrooms boast beautiful hardwood floors, and the updated full bath includes a stylish vanity and tile flooring. There are two comfortable bedrooms plus a flex room that can serve as a home office or easily convert to a main-level laundry area. The finished lower level offers even more space with a rec room, a mechanical room featuring a newer furnace, ner central air, and newer hot water heater, as well as a laundry room with newer washer and dryer. There's also a dedicated storage area and a partitioned space with a sink and urinal for added convenience. This home blends classic charm with modern update's ready for you to move in and enjoy!

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