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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% |
Rental property for sale in Newton at 518 E 2nd St S, Newton, IA, 50208 priced at $107,500 converts $1,546/mo rent into $767/mo cash flow after a $526/mo obligation. Total monthly income equals $1,546/mo, and annual cash flow totals $9,204/yr on $35,636 invested. Return on cash invested prints 45.74% in year one, and rental yield reads 17.26% against a $107,500 entry. Equity gained on principal adds $694/yr, while 5% annual appreciation compiles into $29,700 by year five. Five-year ROI reaches 242.87% and total cumulative return in cash sums $86,551. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,546/mo property income covering a $526/mo payment, not borrower’s personal income.
Single Family
Built in 1948
8,712 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 |
|---|---|---|
| 2025-03-21 | Listing removed | $179,900 |
| 2025-01-22 | Listed for sale | $179,900 |
| 2024-10-08 | Listing removed | $184,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-19 | $2606.00 | -6.33% | $148,760 | N/A |
| 2023-10-19 | $2782.00 | 8.50% | $148,760 | 10.90% |
| 2022-10-19 | $2564.00 | 11.00% | $134,140 | 7.99% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
