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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 320 S 3rd Ave W, Newton, IA, 50208 offers a 15.85% rental yield on a $149,900 purchase with $1,980/mo rent. Total monthly income registers $1,980/mo, and a $734/mo payment leaves $967/mo available for distribution. Annual cash flow reaches $11,606/yr on $49,692 to close, and return on cash invested stands at 43.27% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 228.9% and total cumulative return in cash at $113,747. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,980/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
8,712 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 |
|---|---|---|
| 2025-01-23 | Price change | $149,900 |
| 2024-11-07 | Price change | $154,900 |
| 2024-10-22 | Listed for sale | $159,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-27 | $2746.00 | 7.35% | $156,000 | 17.70% |
| 2022-01-27 | $2558.00 | 59.68% | $132,540 | 6.97% |
| 2021-01-27 | $1602.00 | -9.77% | $123,900 | 61.03% |
Listed by: Tyler Weyers • Century 21 Signature
Mls Name: DMMLS
Mls Provider:
Mls ID: #706327
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.
