10335 Norfolk Dr UNIT 16JohnstonIA50131
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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 Johnston at 10335 Norfolk Dr UNIT 16, Johnston, IA, 50131 uses $49,725 cash to close to unlock $2,532/yr annual cash flow and $211/mo monthly cash flow. Total monthly income runs $1,185/mo, and a $734/mo payment keeps the spread at $211/mo. Purchase price stands at $150,000, and rental yield measures 9.48% with $1,185/mo rent. Return on cash invested shows 25% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 130.52% and total cumulative return in cash records $64,902. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,185/mo property income covering a $734/mo payment rather than investor’s personal income.
Condo
Built in 2006
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50131, Johnston, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,023 (100%) |
| Owner Occupied HU | 6,701 (60.8%) |
| Renter Occupied HU | 3,542 (32.1%) |
| Vacant Housing Units | 780 ( 7.1%) |
| Median Home Value | $379,844 |
| Average Home Value | $438,587 |
Housing Distribution
Address Breakdown
Residential
10,452
Single Family
8,790
Multi-Family
1,662
Businesses
712
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