926 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
Investment property for sale in Newton at 926 E 15th St N, Newton, IA, 50208 offers a 7.99% rental yield on a $179,900 purchase with $1,198/mo rent. Total monthly income registers $1,198/mo, and a $881/mo payment leaves $29/mo available for distribution. Annual cash flow reaches $350/yr on $59,637 to close, and return on cash invested stands at 20.5% in year one. Equity gained on principal adds $1,161/yr while 5% annual appreciation supports $49,703 over five years. Portfolio math shows five-year ROI at 106.46% and total cumulative return in cash at $63,489. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,198/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
2,787 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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