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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 407 N Walnut St, Creston, IA, 50801 generates $1,481/mo in rent and, after a $1,052/mo payment, leaves $85/mo in cash flow. Total monthly income is $1,481/mo, and annual cash flow is $1,020/yr on $71,273 invested. Return on cash invested sits at 21.34% in year one, and rental yield is 8.27% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 110.89% and total cumulative return in cash sums $79,033. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,481/mo property income rather than buyer’s personal income.
Single Family
Built in 1923
7,405 sqft 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 |
|---|---|---|
| 2025-06-05 | Listed for sale | $215,000 |
| 2025-05-13 | Listing removed | $215,000 |
| 2025-03-31 | Price change | $215,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-10 | $1664.00 | -7.25% | $76,960 | -11.34% |
| 2023-06-10 | $1794.00 | 128.24% | $86,800 | 16.81% |
| 2022-06-10 | $786.00 | -56.67% | $74,310 | 126.00% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
