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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 631 New York Ave, Creston, IA, 50801 uses $89,505 cash to close to unlock $1,368/yr annual cash flow and $114/mo monthly cash flow. Total monthly income runs $1,920/mo, and a $1,322/mo payment keeps the spread at $114/mo. Purchase price stands at $270,000, and rental yield measures 8.53% with $1,920/mo rent. Return on cash invested shows 21.44% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 111.75% and total cumulative return in cash records $100,021. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,920/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Single Family
Built in 1917
2 Acres 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 |
|---|---|---|
| 2024-09-04 | Price change | $270,000 |
| 2024-06-28 | Price change | $299,000 |
| 2024-05-16 | Price change | $325,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $4728.00 | 0.94% | $212,720 | 3.91% |
| 2022-10-16 | $4684.00 | 13.69% | $204,720 | N/A |
| 2021-10-16 | $4120.00 | -3.54% | $204,720 | 18.76% |
Listed by: Nancy Loudon • Chris Lane Real Estate
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6312528
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.
