NEWTON, IA 50208

Asking Price: $197,000 | ARV: $344,000 | Cosmetic Rehab Only - Buy It Now at $200,000 to stop the Offer Period - contact Tom McCullough @ 615.613.5961 to make an offer or schedule a walk-thru

Excellent opportunity for investors looking for a light cosmetic flip with over $107K in potential equity spread! This spacious 4-bedroom, 2.5-bathrooms  single-family home sits on a large, tree-lined corner-lot in the quiet Lambs Grove Newton neighborhood.

No major gut renovation anticipated. The property primarily needs flooring, paint, carpet replacement, and cosmetic updates to maximize its resale potential.

PROPERTY OVERVIEW

• 4 Bedrooms | 2.5 Bathrooms

• 1,714 Sq Ft

• Built in 1954

• Gambrel-style single-family home

• 2-car garage

• Large, wooded lot

• Vacant at closing

• Cash purchase | Sold as-is

INVESTMENT NUMBERS

• Asking Price: $197,000

• After Repair Value (ARV): $344,000

• Estimated Rehab: $30,000–$40,000

• Total Investment: $227,000–$237,000

• Potential Equity Spread: $107,000–$117,000

• Purchase Price: Approximately 57.3% of ARV

REHAB SCOPE

• Interior painting

• Flooring refinishing/replacement

• Carpet replacement

• Minor cosmetic finishes

No full gut renovation anticipated! Ideal for an investor seeking a manageable rehab project with substantial potential upside.

RECENT AREA SALES

• 1601 W 13th St S – $315,000

• 1118 Woodland Dr – $309,500

• 429 1st Ave W – $275,000

• 1327 S 4th Ave W – $270,000

Comparable area sales demonstrate resale activity in the market. Buyers should independently verify the $344K ARV.

DEAL TERMS

• Cash buyers only

• Sold strictly as-is

• Proof of funds required

• Walkthroughs by appointment only

• Closing on or before December 10, 2026

INVESTOR TAKEAWAY

Buy at $197,000, invest an estimated $30K–$40K in cosmetic improvements, and target a $344K resale.

With a projected $107K–$117K spread before closing costs, carrying costs, commissions, and other expenses, this property offers an attractive potential fix-and-flip opportunity.

Serious cash buyers only. Submit your offer here and proof of funds to secure this opportunity!Or contact Tom McCullough @ 615.613.5961 to make an offer or schedule a walk-thru

All figures, repair estimates, comparable sales, and ARV are provided for informational purposes and are not guaranteed. Buyer to perform independent due diligence and verify all property information.