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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 601 S 3rd Ave E, Newton, IA, 50208 uses $79,560 cash to close to unlock $4,226/yr annual cash flow and $352/mo monthly cash flow. Total monthly income runs $1,939/mo, and a $1,175/mo payment keeps the spread at $352/mo. Purchase price stands at $240,000, and rental yield measures 9.7% with $1,939/mo rent. Return on cash invested shows 25.22% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 131.93% and total cumulative return in cash records $104,966. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,939/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.34 Acres 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 |
|---|---|---|
| 2025-05-29 | Listed for sale | $240,000 |
| 2021-03-08 | Sold | $182,000 |
| 2018-10-29 | Sold | $173,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-01 | $3982.00 | 0.30% | $221,870 | N/A |
| 2023-06-01 | $3970.00 | 2.37% | $221,870 | 18.24% |
| 2022-06-01 | $3878.00 | -4.62% | $187,650 | 7.63% |
Listed by: Megan Meyer • Iowa Realty Newton
Mls Name: DMMLS
Mls Provider:
Mls ID: #719048
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.
