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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 430 S 8th Ave E, Newton, IA, 50208 priced at $179,000 converts $1,374/mo rent into $207/mo cash flow after a $876/mo obligation. Total monthly income equals $1,374/mo, and annual cash flow totals $2,487/yr on $59,339 invested. Return on cash invested prints 24.1% in year one, and rental yield reads 9.21% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 125.81% and total cumulative return in cash sums $74,655. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,374/mo property income covering a $876/mo payment, not borrower’s personal income.
Single Family
Built in 1948
8,851 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 |
|---|---|---|
| 2025-03-13 | Listed for sale | $179,000 |
| 2023-04-27 | Sold | $136,000 |
| 2023-03-27 | Pending sale | $137,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-18 | $2772.00 | 127.21% | $147,120 | N/A |
| 2023-03-18 | $1220.00 | 7.21% | $147,120 | 130.52% |
| 2022-03-18 | $1138.00 | -10.95% | $63,820 | 6.12% |
Listed by: Wendy Wagner • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #713367
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.
