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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 600 E 23rd St S, Newton, IA, 50208 listed at $130,000 pairs $1,343/mo rent with a $636/mo payment to leave $499/mo cash flow. Total monthly income runs $1,343/mo, and annual cash flow reaches $5,988/yr on $43,095 cash to close. Return on cash invested measures 33.8% in year one, and rental yield registers 12.4% at a $130,000 basis. Equity gained on principal adds $839/yr, and annual property appreciation at 5% supports $35,917 by year five. Five-year ROI tracks 177.74% and total cumulative return in cash totals $76,599. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,343/mo property income relative to a $636/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
7,501 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 |
|---|---|---|
| 2025-08-07 | Sold | $130,000 |
| 2025-07-09 | Pending sale | $138,000 |
| 2025-06-12 | Price change | $138,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-16 | $1818.00 | 15.21% | $96,520 | N/A |
| 2023-10-16 | $1578.00 | 7.20% | $96,520 | 35.79% |
| 2022-10-16 | $1472.00 | 5.29% | $71,080 | 7.45% |
Listed by: Toni Peska • Iowa Realty Newton
Mls Name: DMMLS
Mls Provider:
Mls ID: #717494
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.
