501 E 24th St SNewtonIA50208
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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 Newton at 501 E 24th St S, Newton, IA, 50208 earns $463/mo cash flow from $1,609/mo rent with a $864/mo payment. Total monthly income totals $1,609/mo, and annual cash flow totals $5,551/yr on $58,510 capital. ROI tracks 29.4% on current figures, and rental yield reads 10.94% at a $176,500 purchase. Equity gained on principal adds $1,139/yr, and 5% annual appreciation supports $48,764 over five years. Five-year ROI reaches 154.15% and total cumulative return in cash sums $90,190. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,609/mo property income instead of your personal income.
Single Family
Built in 1953
7,866 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50208, Newton, IA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
8,615
Single Family
7,477
Multi-Family
1,138
Businesses
647
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