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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 Newton at 408 W 4th St S, Newton, IA, 50208 generates $1,585/mo in rent and, after a $661/mo payment, leaves $708/mo in cash flow. Total monthly income is $1,585/mo, and annual cash flow is $8,496/yr on $44,753 invested. Return on cash invested sits at 38.89% in year one, and rental yield is 14.09% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 205.02% and total cumulative return in cash sums $91,753. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,585/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
3,959 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 |
|---|---|---|
| 2024-10-07 | Price change | $135,000 |
| 2024-09-05 | Listed for sale | $139,000 |
| 2020-06-29 | Sold | $18,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $1398.00 | 8.54% | $73,590 | 16.85% |
| 2022-10-15 | $1288.00 | -25.81% | $62,980 | 8.77% |
| 2021-10-15 | $1736.00 | 1.60% | $57,900 | -21.80% |
Listed by: Joe Hotchkin • Birkenholz Real Estate
Mls Name: DMMLS
Mls Provider:
Mls ID: #703307
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.
