519 New York Ave, Creston, IA, 50801 | $144/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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519 New York Ave, Creston, IA, 50801 | $144/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

Rental property for sale in Creston at 519 New York Ave, Creston, IA, 50801 priced at $124,900 converts $955/mo rent into $144/mo cash flow after a $611/mo obligation. Total monthly income equals $955/mo, and annual cash flow totals $1,730/yr on $41,404 invested. Return on cash invested prints 24.09% in year one, and rental yield reads 9.18% against a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation compiles into $34,508 by year five. Five-year ROI reaches 125.75% and total cumulative return in cash sums $52,066. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $955/mo property income covering a $611/mo payment, not borrower’s personal income.

Single Family

Built in 1922

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

This property presents a 2-story layout, comprising 3 bedrooms and bathrooms. The main floor showcases a spacious kitchen, adjacent to a formal dining room with French doors and a full bathroom. The upper level is home to all 3 bedrooms and a second bathroom, while the lower level provides laundry facilities and storage space. Step outside and unwind on the covered front porch. This residence also includes a 2-car detached garage. All in close proximity to grocery stores and restaurants.

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