820 E 15th St NNewtonIA50208
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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
Investment Highlights
Rental property for sale in Newton at 820 E 15th St N, Newton, IA, 50208 generates $1,499/mo in rent and, after a $942/mo payment, leaves $249/mo in cash flow. Total monthly income is $1,499/mo, and annual cash flow is $2,988/yr on $63,814 invested. Return on cash invested sits at 24.59% in year one, and rental yield is 9.34% on a $192,500 entry. Equity gained on principal adds $1,242/yr, while 5% annual appreciation builds toward $53,184 over five years. Five-year ROI reaches 128.33% and total cumulative return in cash sums $81,893. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,499/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
8,398 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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