1207 Casady 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 1207 Casady Dr, Norwalk, IA, 50211 earns $728/mo cash flow from $2,296/mo rent with a $1,126/mo payment. Total monthly income totals $2,296/mo, and annual cash flow totals $8,741/yr on $76,245 capital. ROI tracks 31.37% on current figures, and rental yield reads 11.98% at a $230,000 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,545 over five years. Five-year ROI reaches 165.19% and total cumulative return in cash sums $125,947. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,296/mo property income instead of your personal income.
Single Family
Built in 1987
8,115 sqft lot
$N/A/sqft
No HOA
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
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Listed by: Julie Barkema • Iowa Realty Mills Crossing
Mls Name: DMMLS
Mls Provider:
Mls ID: #697166
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.