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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 Creston at 921 N Division St, Creston, IA, 50801 offers $1,094/mo rent that, after a $685/mo payment, leaves $185/mo cash flow. Total monthly income is $1,094/mo, and annual cash flow is $2,222/yr on $46,377 cash. Return on cash invested measures 24.7% in year one, and rental yield stands at 9.38% at a $139,900 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,652 by year five. Five-year ROI records 129.02% and total cumulative return in cash reaches $59,835. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,094/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1929
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50801, Creston, IA area.
| 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 |
Residential
3,973
Single Family
3,619
Multi-Family
354
Businesses
385
Date | Event | Price |
|---|---|---|
| 2025-03-15 | Listed for sale | $139,900 |
| 2022-05-12 | Sold | $118,500 |
| 2022-04-07 | Pending sale | $128,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-20 | $2114.00 | 31.63% | $120,520 | -0.19% |
| 2023-03-20 | $1606.00 | -10.98% | $120,750 | 60.21% |
| 2022-03-20 | $1804.00 | -13.68% | $75,370 | N/A |
Listed by: Breanna Steinkamp • Chris Lane Real Estate
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6325704
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.
