518 E 2nd 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
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
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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