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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 604 S 3rd Ave E, Newton, IA, 50208 uses $49,692 cash to close to unlock $2,389/yr annual cash flow and $199/mo monthly cash flow. Total monthly income runs $1,212/mo, and a $734/mo payment keeps the spread at $199/mo. Purchase price stands at $149,900, and rental yield measures 9.7% with $1,212/mo rent. Return on cash invested shows 24.72% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 129.46% and total cumulative return in cash records $64,331. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,212/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1912
0.40 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 |
|---|---|---|
| 2025-06-23 | Listed for sale | $149,900 |
| 2025-03-26 | Pending sale | $149,900 |
| 2025-03-14 | Price change | $149,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-26 | $2748.00 | -1.22% | $145,910 | N/A |
| 2023-06-26 | $2782.00 | 6.02% | $145,910 | 16.50% |
| 2022-06-26 | $2624.00 | 14.79% | $125,250 | 6.22% |
Listed by: Heather Rawlins • Iowa Realty Altoona
Mls Name: DMMLS
Mls Provider:
Mls ID: #709431
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.
