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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 Newton at 708 W 2nd St S, Newton, IA, 50208 offers a 13.59% rental yield on a $148,000 purchase with $1,676/mo rent. Total monthly income registers $1,676/mo, and a $724/mo payment leaves $715/mo available for distribution. Annual cash flow reaches $8,582/yr on $49,062 to close, and return on cash invested stands at 37.4% in year one. Equity gained on principal adds $955/yr while 5% annual appreciation supports $40,890 over five years. Portfolio math shows five-year ROI at 197.12% and total cumulative return in cash at $96,710. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,676/mo property income against a $724/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50208, Newton, IA area.
| 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 |
Residential
8,615
Single Family
7,477
Multi-Family
1,138
Businesses
647
Date | Event | Price |
|---|---|---|
| 2024-08-28 | Price change | $148,000 |
| 2024-08-02 | Listed for sale | $155,000 |
| 2022-11-10 | Sold | $124,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $1984.00 | 7.36% | $131,530 | 47.27% |
| 2022-10-15 | $1848.00 | -1.07% | $89,310 | 7.50% |
| 2021-10-15 | $1868.00 | 1.64% | $83,080 | 4.32% |
Listed by: Angie Standlee • Keller Williams Realty GDM
Mls Name: DMMLS
Mls Provider:
Mls ID: #700178
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.
