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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 309 S 16th Ave W, Newton, IA, 50208 uses $54,698 cash to close to unlock $4,932/yr annual cash flow and $411/mo monthly cash flow. Total monthly income runs $1,483/mo, and a $808/mo payment keeps the spread at $411/mo. Purchase price stands at $165,000, and rental yield measures 10.79% with $1,483/mo rent. Return on cash invested shows 28.93% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 151.6% and total cumulative return in cash records $82,919. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,483/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.36 Acres 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 |
|---|---|---|
| 2025-09-03 | Listed for sale | $165,000 |
| 2024-11-25 | Sold | $66,000 |
| 2024-10-07 | Sold | $38,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-04 | $2004.00 | -1.96% | $116,820 | N/A |
| 2023-09-04 | $2044.00 | 7.69% | $116,820 | 15.72% |
| 2022-09-04 | $1898.00 | 4.75% | $100,950 | 7.10% |
Listed by: Christina Anderson • EXIT Realty & Associates
Mls Name: DMMLS
Mls Provider:
Mls ID: #725471
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.
