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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% |
Rental property for sale in Creston at 404 W Devoe St, Creston, IA, 50801 priced at $225,000 converts $1,920/mo rent into $459/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,920/mo, and annual cash flow totals $5,508/yr on $74,588 invested. Return on cash invested prints 27.29% in year one, and rental yield reads 10.24% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 142.83% and total cumulative return in cash sums $106,533. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,920/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1996
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50801, Creston, IA area.
| 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 |
Residential
3,973
Single Family
3,619
Multi-Family
354
Businesses
385
Date | Event | Price |
|---|---|---|
| 2025-05-22 | Listed for sale | $225,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-27 | $3120.00 | -10.70% | $197,680 | 9.67% |
| 2023-05-27 | $3494.00 | 0.98% | $180,250 | 17.36% |
| 2022-05-27 | $3460.00 | -1.54% | $153,590 | N/A |
Listed by: Casey Roberts • Liberty Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6327890
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.
