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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 724 E 4th St S, Newton, IA, 50208 generates $1,595/mo in rent and, after a $675/mo payment, leaves $699/mo in cash flow. Total monthly income is $1,595/mo, and annual cash flow is $8,390/yr on $45,747 invested. Return on cash invested sits at 38.25% in year one, and rental yield is 13.87% on a $138,000 entry. Equity gained on principal adds $890/yr, while 5% annual appreciation builds toward $38,127 over five years. Five-year ROI reaches 201.68% and total cumulative return in cash sums $92,262. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,595/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
5,410 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 |
|---|---|---|
| 2025-08-27 | Sold | $138,000 |
| 2025-07-24 | Pending sale | $129,900 |
| 2025-07-23 | Price change | $129,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-12 | $1434.00 | -7.60% | $95,250 | N/A |
| 2023-10-12 | $1552.00 | 8.53% | $95,250 | 15.99% |
| 2022-10-12 | $1430.00 | -4.79% | $82,120 | 7.14% |
Listed by: Robert Cupples • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #711596
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.
