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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 Newton at 718 S 2nd Ave W, Newton, IA, 50208 priced at $139,000 converts $1,980/mo rent into $1,058/mo cash flow after a $680/mo obligation. Total monthly income equals $1,980/mo, and annual cash flow totals $12,698/yr on $46,079 invested. Return on cash invested prints 47.47% in year one, and rental yield reads 17.09% against a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation compiles into $38,403 by year five. Five-year ROI reaches 251.28% and total cumulative return in cash sums $115,784. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,980/mo property income covering a $680/mo payment, not borrower’s personal income.
Single Family
Built in 1913
6,259 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 |
|---|---|---|
| 2024-10-03 | Listed for sale | $139,000 |
| 2024-07-05 | Sold | $89,500 |
| 2020-07-20 | Sold | $93,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $2346.00 | 5.77% | $126,240 | 19.52% |
| 2022-10-15 | $2218.00 | 36.24% | $105,620 | 5.98% |
| 2021-10-15 | $1628.00 | 1.59% | $99,660 | 43.52% |
Listed by: Matt Young • Agency Iowa
Mls Name: DMMLS
Mls Provider:
Mls ID: #705147
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.
