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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 816 E 7th St S, Newton, IA, 50208 priced at $160,000 pairs $1,348/mo rent with $309/mo cash flow after a $783/mo payment. Total monthly income equals $1,348/mo, and annual cash flow comes to $3,708/yr on $53,040 invested. Return on cash invested is 26.9% in year one, and rental yield stands at 10.11% on a $160,000 basis. Equity gained on principal adds $1,032/yr, and 5% annual appreciation accumulates to $44,205 by year five. Five-year ROI measures 140.73% and total cumulative return in cash reaches $74,642. For financing, Ziffy Mortgage’s DSCR program evaluates $1,348/mo property income against a $783/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
8,881 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 |
|---|---|---|
| 2025-04-04 | Listed for sale | $160,000 |
| 2021-09-15 | Sold | $104,900 |
| 2021-08-23 | Pending sale | $104,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-08 | $2206.00 | -0.99% | $117,070 | N/A |
| 2023-04-08 | $2228.00 | 19.27% | $117,070 | 16.72% |
| 2022-04-08 | $1868.00 | 5.54% | $100,300 | 19.40% |
Listed by: Frank, Kevin • NextHome Your Way
Mls Name: DMMLS
Mls Provider:
Mls ID: #714771
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.
