702 W 6th St S, Newton, IA, 50208 | $500/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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702 W 6th St S, Newton, IA, 50208 | $500/mo Cash Flow | Ziffy

Pending

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 702 W 6th St S, Newton, IA, 50208 uses $51,051 cash to close to unlock $5,995/yr annual cash flow and $500/mo monthly cash flow. Total monthly income runs $1,500/mo, and a $754/mo payment keeps the spread at $500/mo. Purchase price stands at $154,000, and rental yield measures 11.69% with $1,500/mo rent. Return on cash invested shows 31.65% in year one, and 5% annual appreciation builds toward $42,547 over five years. Five-year ROI reaches 166.24% and total cumulative return in cash records $84,866. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,500/mo property income covering a $754/mo payment rather than investor’s personal income.

Single Family

Built in 1915

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 702 W 6th St S in Newton! This charming 2-bedroom, 1-bathroom ranch nestled on a quiet street in the desirable southwest side of town. This well-maintained home offers a spacious living room with a built-in feature and tall ceilings throughout, creating an airy, open feel. The large enclosed front porch provides a nice spot to enjoy your morning coffee or unwind in the evenings. The kitchen comes fully equipped, and all appliances stay with the home; including the refrigerator, microwave, dishwasher, and stackable washer and dryer for added convenience. A newer roof (2023) and water heater (2021) offer peace of mind. While currently carpeted, it appears hardwood flooring lies beneath, just waiting to be uncovered and brought back to life. Step outside to your own private, fenced-in backyard; perfect for pets, gardening, or entertaining. A detached 1-car garage adds storage and functionality. There's even attic space upstairs for extra storage or potential future use. Whether you're a first-time homebuyer or looking to downsize, this cozy and functional home offers both comfort and character in a great location. Don't miss your chance to see it!

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