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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 611 W 2nd St S, Newton, IA, 50208 listed at $227,130 pairs $1,902/mo rent with a $1,112/mo payment to leave $427/mo cash flow. Total monthly income runs $1,902/mo, and annual cash flow reaches $5,119/yr on $75,294 cash to close. Return on cash invested measures 26.71% in year one, and rental yield registers 10.05% at a $227,130 basis. Equity gained on principal adds $1,466/yr, and annual property appreciation at 5% supports $62,752 by year five. Five-year ROI tracks 139.73% and total cumulative return in cash totals $105,210. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,902/mo property income relative to a $1,112/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
10,031 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 |
|---|---|---|
| 2025-09-03 | Sold | $227,130 |
| 2025-07-25 | Pending sale | $219,700 |
| 2025-07-11 | Listed for sale | $219,700 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-15 | $2014.00 | -1.56% | $106,960 | N/A |
| 2023-10-15 | $2046.00 | 7.12% | $106,960 | 16.05% |
| 2022-10-15 | $1910.00 | -0.93% | $92,170 | 7.41% |
Listed by: Ted Weaver • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #722103
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.
