621 W 4th St S, Newton, IA, 50208 | $381/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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621 W 4th St S, Newton, IA, 50208 | $381/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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

Rental property for sale in Newton at 621 W 4th St S, Newton, IA, 50208 generates $1,420/mo in rent and, after a $783/mo payment, leaves $381/mo in cash flow. Total monthly income is $1,420/mo, and annual cash flow is $4,574/yr on $53,007 invested. Return on cash invested sits at 28.54% in year one, and rental yield is 10.66% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 149.58% and total cumulative return in cash sums $79,290. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,420/mo property income rather than buyer’s personal income.

Single Family

Built in 1924

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

Escape the hustle and bustle of the metro and make a move to Newton! Nestled amongst the sycamores and cedars, just around the bend from Woodrow Wilson Elementary, near Maytag Park and close by Newton High School is 621 West 4th Street South. The home is situated on a corner lot with a detached two-car garage and an adorable partially-covered front porch. It boasts wood trim around the windows and original hardwood floors in the dining room, living room and bedrooms (that's right - there's hardwood flooring under that carpet)! The kitchen has an eat-in nook with a built-in table, banquette seating, and sconce lighting. The cherry on top is a partially finished basement with lots of potential! It has a room that's just the right size for a pool table, a laundry room with bathroom amenities, and a workout room. Make this home yours today! All information obtained from seller and public records.

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