310 N Division St, Creston, IA, 50801 | $777/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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310 N Division St, Creston, IA, 50801 | $777/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 Creston at 310 N Division St, Creston, IA, 50801 uses $83,538 cash to close to unlock $9,322/yr annual cash flow and $777/mo monthly cash flow. Total monthly income runs $2,413/mo, and a $1,233/mo payment keeps the spread at $777/mo. Purchase price stands at $252,000, and rental yield measures 11.49% with $2,413/mo rent. Return on cash invested shows 31.07% in year one, and 5% annual appreciation builds toward $69,623 over five years. Five-year ROI reaches 163.07% and total cumulative return in cash records $136,226. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,413/mo property income covering a $1,233/mo payment rather than investor’s personal income.

Single Family

Built in 2015

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to a home you can relax and grow in ! If you need studio space for business at home or creativity, this home has that to offer. This spacious residence offers plenty of storage space with extra large garages. 1332sq ft of living space upstairs plus basement. Generously- sized bedrooms. No 1/2 baths in this house - they are all full bathrooms. Extra wide doors on the main level making it possible for accessible living on the main level. This home was well thought out for the longevity ownership. The open concept living areas are ideal for hosting guests, not to mention the double decks perfect for those summer barbeques. Two water heater tanks, jetted tub off the primary bedroom, and updated electrical box. Sellers looking to downsize.Offering buyer agent compensation 3% + 1% bonus to the buyers agent. If you are a broker thats 4% for representing your buyers.

Neighborhood Data

Neighborhood data shown for ZIP Code: 50801, Creston, IA area.

Housing Distribution

Housing Statistics

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