802 E 8th St NNewtonIA50208
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment Highlights
Rental property for sale in Newton at 802 E 8th St N, Newton, IA, 50208 priced at $172,490 converts $1,374/mo rent into $254/mo cash flow after a $844/mo obligation. Total monthly income equals $1,374/mo, and annual cash flow totals $3,048/yr on $57,180 invested. Return on cash invested prints 25.24% in year one, and rental yield reads 9.56% against a $172,490 entry. Equity gained on principal adds $1,113/yr, while 5% annual appreciation compiles into $47,656 by year five. Five-year ROI reaches 131.92% and total cumulative return in cash sums $75,431. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,374/mo property income covering a $844/mo payment, not borrower’s personal income.
Single Family
Built in 1900
7,487 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
8,615
Single Family
7,477
Multi-Family
1,138
Businesses
647
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Listed by: Dennis Diaz Rodas • Century 21 Signature
Mls Name: DMMLS
Mls Provider:
Mls ID: #701240
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.