600 W Adams St #B, Creston, IA, 50801 | 5.2% Rental Yield

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Price: $300K - 500K

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600 W Adams St #B, Creston, IA, 50801 | 5.2% Rental Yield | 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

Investment property for sale in Creston at 600 W Adams St #B, Creston, IA, 50801 earns from $1,080/mo rent with a $1,219/mo payment. Total monthly income totals $1,080/mo. ROI tracks 12.1% on current figures, and rental yield reads 5.2% at a $249,000 purchase. Equity gained on principal adds $1,607/yr, and 5% annual appreciation supports $68,794 over five years. Five-year ROI reaches 61.36% and total cumulative return in cash sums $50,648. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,080/mo property income instead of your personal income.

Condo

Built in 1928

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

This Creston landmark Church built in 1922 has been subdivided into two independent 2700 +/- square foot condominiums. Completely renovated, Unit B is on the market and ready for a new owner! Owner would like to sell most all personal property if interested (this would be above the list price shown). Beautiful architectural elements preserved in brick accent walls & columns, Gothic Arch windows, Arched doorways and original millwork. You will have ample space to entertain in the Living Room, open to a Kitchen complete with high end stainless steel appliances, granite countertops, custom cabinetry and spacious dining area. This area has custom dropped ceiling with task/can lighting and hanging pendant lighting. Main floor has Master Bedroom with double closets and en suite, Office area, Bathroom and up to Loft / family Room. The lower level has Family Room, Two bedrooms and Full Bath. Lots of storage! Nice size deck on the west with retractable awning and off street parking on the south. Fenced in back yard and storage shed included No association fees at this time, as owners do snow removal & mowing. Call for your showing today!

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