507 W Prairie St, Creston, IA, 50801 | $191/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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507 W Prairie St, Creston, IA, 50801 | $191/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Creston at 507 W Prairie St, Creston, IA, 50801 uses $53,869 cash to close to unlock $2,292/yr annual cash flow and $191/mo monthly cash flow. Total monthly income runs $1,246/mo, and a $795/mo payment keeps the spread at $191/mo. Purchase price stands at $162,500, and rental yield measures 9.2% with $1,246/mo rent. Return on cash invested shows 24.16% in year one, and 5% annual appreciation builds toward $44,896 over five years. Five-year ROI reaches 126.05% and total cumulative return in cash records $67,902. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,246/mo property income covering a $795/mo payment rather than investor’s personal income.

Single Family

Built in 1951

0.40 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming 3-Bedroom Home with Curb Appeal for Days! Welcome to 507 W Prairie St in Creston a picture-perfect home with an inviting front porch, white railing, and that classic neighborhood charm! This 1,200 sq ft, 3-bed, 1-bath home offers comfortable one-level living with a bright, spacious living room and plenty of natural light throughout. The kitchen comes fully equipped range, dishwasher, refrigerator, washer & dryer all stay and the convenient mudroom off the back entrance includes laundry for easy access. Out back, youll find a screened-in porch with beautiful brick pavers overlooking a large partially fenced yard perfect for pets, kids, or backyard gatherings. The oversized two-car garage includes a workshop space that could easily be converted back to a full second stall or used for hobbies, storage, or DIY projects. Built in 1951 and lovingly maintained, this home offers modern comfort with timeless curb appeal. Close to parks, schools, and all the conveniences of Creston living this one wont last long!

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