331 E 24th St NNewtonIA50208
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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
Investment Highlights
Investment property for sale in Newton at 331 E 24th St N, Newton, IA, 50208 earns $229/mo cash flow from $2,106/mo rent with a $1,415/mo payment. Total monthly income totals $2,106/mo, and annual cash flow totals $2,743/yr on $95,804 capital. ROI tracks 22.77% on current figures, and rental yield reads 8.74% at a $289,000 purchase. Equity gained on principal adds $1,865/yr, and 5% annual appreciation supports $79,845 over five years. Five-year ROI reaches 118.62% and total cumulative return in cash sums $113,642. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,106/mo property income instead of your personal income.
Single Family
Built in 1970
9,239 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
8,615
Single Family
7,477
Multi-Family
1,138
Businesses
647
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Listed by: Colby Lawson • Real Estate Solutions
Mls Name: DMMLS
Mls Provider:
Mls ID: #720737
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.