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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% |
Rental property for sale in Creston at 701 W Devoe St, Creston, IA, 50801 priced at $150,000 converts $1,196/mo rent into $151/mo cash flow after a $734/mo obligation. Total monthly income equals $1,196/mo, and annual cash flow totals $1,810/yr on $49,725 invested. Return on cash invested prints 23.55% in year one, and rental yield reads 9.57% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 123.38% and total cumulative return in cash sums $61,350. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,196/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1962
0.87 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 |
|---|---|---|
| 2025-06-06 | Listed for sale | $150,000 |
| 2018-07-27 | Listing removed | $120,000 |
| 2018-06-14 | Listed for sale | $120,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-11 | $3134.00 | -6.78% | $152,610 | -12.30% |
| 2023-06-11 | $3362.00 | 0.96% | $174,010 | 16.27% |
| 2022-06-11 | $3330.00 | 42.55% | $149,660 | N/A |
Listed by: Retta Ripperger • R Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6328380
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.
