1118 Holly DrNorwalkIA50211
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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 Norwalk at 1118 Holly Dr, Norwalk, IA, 50211 offers a 11.3% rental yield on a $205,000 purchase with $1,931/mo rent. Total monthly income registers $1,931/mo, and a $1,003/mo payment leaves $590/mo available for distribution. Annual cash flow reaches $7,083/yr on $67,958 to close, and return on cash invested stands at 30.33% in year one. Equity gained on principal adds $1,323/yr while 5% annual appreciation supports $56,638 over five years. Portfolio math shows five-year ROI at 159.27% and total cumulative return in cash at $108,234. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,931/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
0.27 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 50211, Norwalk, IA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
6,803
Single Family
6,186
Multi-Family
617
Businesses
254
Price History
Date | Event | Price |
|---|---|---|
| 2025-12-03 | Sold | $205,000 |
| 2025-10-31 | Pending sale | $210,000 |
| 2025-10-21 | Listed for sale | $210,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-18 | $3232.00 | -2.36% | $171,700 | N/A |
| 2023-12-18 | $3310.00 | 0.30% | $171,700 | 16.01% |
| 2022-12-18 | $3300.00 | -1.14% | $148,000 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1982
- Architectural Style: Ranch
- Building Area: 1,019
- Living Area: 1,019 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Baseboard, Electric
- Cooling: Window Unit(s)
- Flooring: Carpet, Vinyl
- Interior Features: Dining Area
- Exterior Features: Deck, Fully Fenced, Patio, Storage
- Parking Features: Detached, Garage, One Car Garage
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Concrete
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Carpenter, Cale • RE/MAX Revolution
Mls Name: DMMLS
Mls Provider:
Mls ID: #726076
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.