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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 Creston at 606 W Montgomery St, Creston, IA, 50801 with 5% annual appreciation on a $199,500 basis while $1,080/mo rent supports operations. 34% in year one. Equity gained on principal adds $1,287/yr, and five-year appreciation sums $55,118 alongside rental yield of 6.5%. Five-year ROI measures 74.04% and total cumulative return in cash totals $48,967. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,080/mo property income versus a $976/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1903
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50801, Creston, IA area.
| 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 |
Residential
3,973
Single Family
3,619
Multi-Family
354
Businesses
385
Date | Event | Price |
|---|---|---|
| 2024-09-11 | Price change | $199,500 |
| 2024-07-24 | Listed for sale | $210,000 |
| 2011-11-18 | Sold | $85,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $4132.00 | 0.88% | $202,890 | 18.52% |
| 2022-10-16 | $4096.00 | 55.03% | $171,190 | N/A |
| 2021-10-16 | $2642.00 | 1.50% | $171,190 | 62.94% |
Listed by: Marie Chapman • Chris Lane Real Estate
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6319553
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.
