620 E 8th St S, Newton, IA, 50208 | $122/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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620 E 8th St S, Newton, IA, 50208 | $122/mo Cash Flow | 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 Newton at 620 E 8th St S, Newton, IA, 50208 uses $71,273 cash to close to unlock $1,464/yr annual cash flow and $122/mo monthly cash flow. Total monthly income runs $1,518/mo, and a $1,052/mo payment keeps the spread at $122/mo. Purchase price stands at $215,000, and rental yield measures 8.47% with $1,518/mo rent. Return on cash invested shows 21.96% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 114.24% and total cumulative return in cash records $81,421. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,518/mo property income covering a $1,052/mo payment rather than investor’s personal income.

Single Family

Built in 1915

8,890 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully remodeled Foursquare with original wood warmth and lots of updates. Remodeled kitchen is opened up to include dining area and completely refinished with cabinets with soft close and under cabinet lighting, countertops with overhang for stools, stainless steel appliances, flooring, lighting, feature wall and new windows. Main floor has large bonus room off of the living room that had been used as a main floor bedroom but could be used for man cave, kids room, library, office, daycare, den, whatever you choose! New bathrooms completely updated with one on each floor. Walls, ceilings and floors are completely redone in warm tones with modern finishes and keeping original beautiful oak and wood where able. Large walk in closet in master bedroom. Enjoy morning coffee in the front 4 season sunroom. Enjoy evenings with the family in the nice, large backyard with a tree house and firepit that is completely fenced in for pets and kids. New furnace and central air in 22, water heater in 17. New roof, gutters & downspouts. New water line from street to house. All plumbing and electrical updated. Full 3rd floor that could be refinished for more living space. Basement with mechanicals and plenty of storage. Ready for new owners to love! Call your favorite realtor today.

Neighborhood Data

Neighborhood data shown for ZIP Code: 50208, Newton, IA area.

Housing Distribution

Housing Statistics

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