500 N Elm StCrestonIA50801
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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 Creston at 500 N Elm St, Creston, IA, 50801 listed at $131,500 pairs $1,054/mo rent with a $644/mo payment to leave $200/mo cash flow. Total monthly income runs $1,054/mo, and annual cash flow reaches $2,395/yr on $43,592 cash to close. Return on cash invested measures 25.4% in year one, and rental yield registers 9.62% at a $131,500 basis. Equity gained on principal adds $849/yr, and annual property appreciation at 5% supports $36,331 by year five. Five-year ROI tracks 132.75% and total cumulative return in cash totals $57,870. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,054/mo property income relative to a $644/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1895
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50801, Creston, IA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
3,973
Single Family
3,619
Multi-Family
354
Businesses
385
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