488 Hawkeye CtNewellIA50568
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Newell at 488 Hawkeye Ct, Newell, IA, 50568 listed at $389,000 pairs $2,606/mo rent with a $1,904/mo payment to leave $80/mo cash flow. Total monthly income runs $2,606/mo, and annual cash flow reaches $955/yr on $128,954 cash to close. Return on cash invested measures 20.65% in year one, and rental yield registers 8.04% at a $389,000 basis. Equity gained on principal adds $2,510/yr, and annual property appreciation at 5% supports $107,474 by year five. Five-year ROI tracks 107.22% and total cumulative return in cash totals $138,258. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,606/mo property income relative to a $1,904/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2014
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50568, Newell, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 564 (100%) |
| Owner Occupied HU | 444 (78.7%) |
| Renter Occupied HU | 96 (17.0%) |
| Vacant Housing Units | 24 ( 4.3%) |
| Median Home Value | $154,286 |
| Average Home Value | $221,374 |
Housing Distribution
Address Breakdown
Residential
440
Single Family
440
Multi-Family
0
Businesses
34
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Listed by: Joseph Aube • Real Estate Specialists
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828775
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.