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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Newton at 510 N 6th Ave E, Newton, IA, 50208 offers a 9.77% rental yield on a $235,000 purchase with $1,914/mo rent. Total monthly income registers $1,914/mo, and a $1,150/mo payment leaves $388/mo available for distribution. Annual cash flow reaches $4,656/yr on $77,903 to close, and return on cash invested stands at 25.89% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 135.27% and total cumulative return in cash at $105,376. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,914/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1958
4,948 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50208, Newton, IA area.
| 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 |
Residential
8,615
Single Family
7,477
Multi-Family
1,138
Businesses
647
Date | Event | Price |
|---|---|---|
| 2025-07-01 | Sold | $235,000 |
| 2025-06-02 | Pending sale | $250,000 |
| 2025-05-27 | Price change | $250,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $2478.00 | 5.09% | $131,540 | N/A |
| 2023-10-26 | $2358.00 | 28.29% | $131,540 | 23.86% |
| 2022-10-26 | $1838.00 | 16.04% | $106,200 | 51.39% |
Listed by: Jeremy Dittmer • Iowa Realty Newton
Mls Name: DMMLS
Mls Provider:
Mls ID: #717980
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.
