








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Norwalk at 1213 Timber Ridge Dr, Norwalk, IA, 50211 generates $2,213/mo in rent, after a $2,324/mo payment. Total monthly income is $2,213/mo. Return on cash invested sits at 13.18% in year one, and rental yield is 5.59% on a $474,900 entry. Equity gained on principal adds $3,064/yr, while 5% annual appreciation builds toward $131,206 over five years. Five-year ROI reaches 67.17% and total cumulative return in cash sums $105,743. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,213/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
0.26 Acres lot
$N/A/sqft
$150 annually 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 |
|---|---|---|
| 2024-11-01 | Listed for sale | $474,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-01-27 | $8.00 | N/A | $400 | N/A |
| 2023-01-27 | $8.00 | N/A | $400 | N/A |
| 2022-01-27 | N/A | N/A | $400 | N/A |



Listed by: Amanda Mickelsen • Keller Williams Realty GDM
Mls Name: DMMLS
Mls Provider:
Mls ID: #706931
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.