Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 Creston at 507 S Elm St, Creston, IA, 50801 priced at $177,000 converts $1,080/mo rent into after a $866/mo obligation. Total monthly income equals $1,080/mo. Return on cash invested prints 18.02% in year one, and rental yield reads 7.32% against a $177,000 entry. Equity gained on principal adds $1,142/yr, while 5% annual appreciation compiles into $48,902 by year five. Five-year ROI reaches 93.3% and total cumulative return in cash sums $54,743. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,080/mo property income covering a $866/mo payment, not borrower’s personal income.
Single Family
Built in 2013
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50801, Creston, IA area.
| 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 |
Residential
3,973
Single Family
3,619
Multi-Family
354
Businesses
385
Date | Event | Price |
|---|---|---|
| 2024-10-07 | Price change | $177,000 |
| 2024-09-10 | Listed for sale | $179,500 |
| 2023-08-07 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $2966.00 | 8.80% | $145,960 | 18.77% |
| 2022-10-16 | $2726.00 | -1.16% | $122,890 | N/A |
| 2021-10-16 | $2758.00 | -5.89% | $122,890 | 3.90% |
Listed by: Dino Groumoutis • Creston Realty
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6321088
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.
