805 E Carpenter St, Creston, IA, 50801 | $258/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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805 E Carpenter St, Creston, IA, 50801 | $258/mo Cash Flow | Ziffy

For Sale

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 Creston at 805 E Carpenter St, Creston, IA, 50801 with 5% annual appreciation on a $189,000 basis while $1,485/mo rent supports operations. Total monthly income totals $1,485/mo and a $925/mo payment preserves $258/mo for cash returns. Annual cash flow comes to $3,091/yr on $62,654 deployed, and return on cash invested reaches 24.84% in year one. Equity gained on principal adds $1,220/yr, and five-year appreciation sums $52,217 alongside rental yield of 9.43%. Five-year ROI measures 129.72% and total cumulative return in cash totals $81,274.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,485/mo property income versus a $925/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1969

10,018 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover this charming three-bedroom two-bathroom ranch home with plenty of space. This home features a bright and spacious living room that flows into a great sized kitchen and dining room. All three bedrooms are conveniently located on the main floor, along with a full bathroom. With a full basement and a two-car attached garage, there's no shortage of storage or potential for a future family room, game room or home gym. A standout feature of this home is the potential for main-floor laundry hookups are in the basement, but a built-in closet on the main floor offers the perfect space for a main- floor washer and dryer. This home is ready for you to add your personal touches and make it your own.

Neighborhood Data

Neighborhood data shown for ZIP Code: 50801, Creston, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,417 (100%)
Owner Occupied HU	2,674 (60.5%)
Renter Occupied HU	1,246 (28.2%)
Vacant Housing Units	497 (11.3%)
Median Home Value	$133,418
Average Home Value	$182,572