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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 408 N Pine St, Creston, IA, 50801 generates $1,920/mo in rent and, after a $627/mo payment, leaves $1,089/mo in cash flow. Total monthly income is $1,920/mo, and annual cash flow is $13,070/yr on $42,432 invested. Return on cash invested sits at 50.71% in year one, and rental yield is 18% on a $128,000 entry. Equity gained on principal adds $826/yr, while 5% annual appreciation builds toward $35,364 over five years. Five-year ROI reaches 268.52% and total cumulative return in cash sums $113,939. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,920/mo property income rather than buyer’s personal income.
Single Family
Built in 1928
5,227 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 |
|---|---|---|
| 2024-09-19 | Listed for sale | $128,000 |
| 2024-08-28 | Pending sale | $128,000 |
| 2024-07-23 | Listed for sale | $128,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $1386.00 | 1.02% | $78,580 | 18.56% |
| 2022-10-16 | $1372.00 | -9.97% | $66,280 | N/A |
| 2021-10-16 | $1524.00 | -11.14% | $66,280 | -4.25% |
Listed by: Nancy Loudon • Chris Lane Real Estate
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6319504
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.
