700 W Howard StCrestonIA50801
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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
Investment Highlights
Rental property for sale in Creston at 700 W Howard St, Creston, IA, 50801 priced at $239,000 converts $1,920/mo rent into $368/mo cash flow after a $1,170/mo obligation. Total monthly income equals $1,920/mo, and annual cash flow totals $4,411/yr on $79,229 invested. Return on cash invested prints 25.48% in year one, and rental yield reads 9.64% against a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation compiles into $66,031 by year five. Five-year ROI reaches 133.12% and total cumulative return in cash sums $105,468. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,920/mo property income covering a $1,170/mo payment, not borrower’s personal income.
Single Family
Built in 1968
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50801, Creston, IA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
3,973
Single Family
3,619
Multi-Family
354
Businesses
385
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