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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% |
Investment property for sale in Norwalk at 1106 E 28th St, Norwalk, IA, 50211 listed at $275,000 pairs $2,394/mo rent with a $1,346/mo payment to leave $440/mo cash flow. Total monthly income runs $2,394/mo, and annual cash flow reaches $5,280/yr on $91,163 cash to close. Return on cash invested measures 25.7% in year one, and rental yield registers 10.45% at a $275,000 basis. Equity gained on principal adds $1,775/yr, and annual property appreciation at 5% supports $75,977 by year five. Five-year ROI tracks 135.09% and total cumulative return in cash totals $123,155. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,394/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2019
3,484 sqft lot
$N/A/sqft
$168 monthly HOA
Neighborhood data shown for ZIP Code: 50211, Norwalk, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,447 (100%) |
| Owner Occupied HU | 5,103 (79.2%) |
| Renter Occupied HU | 1,010 (15.7%) |
| Vacant Housing Units | 334 ( 5.2%) |
| Median Home Value | $312,678 |
| Average Home Value | $345,686 |
Residential
6,803
Single Family
6,186
Multi-Family
617
Businesses
254
Date | Event | Price |
|---|---|---|
| 2025-04-16 | Listed for sale | $275,000 |
| 2024-03-26 | Listing removed | N/A |
| 2024-02-27 | Price change | $1,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-20 | $3280.00 | 1.30% | $185,000 | N/A |
| 2023-04-20 | $3238.00 | 0.37% | $185,000 | 20.21% |
| 2022-04-20 | $3226.00 | 175.26% | $153,900 | N/A |
Listed by: Mariah Klemp • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #715822
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.
