1336 E 28th StNorwalkIA50211
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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 1336 E 28th St, Norwalk, IA, 50211 listed at $290,900 pairs $2,158/mo rent with a $1,424/mo payment to leave $104/mo cash flow. Total monthly income runs $2,158/mo, and annual cash flow reaches $1,243/yr on $96,433 cash to close. Return on cash invested measures 21.2% in year one, and rental yield registers 8.9% at a $290,900 basis. Equity gained on principal adds $1,877/yr, and annual property appreciation at 5% supports $80,370 by year five. Five-year ROI tracks 110.92% and total cumulative return in cash totals $106,967. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,158/mo property income relative to a $1,424/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2025
5,227 sqft lot
$N/A/sqft
$165 monthly 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: Ludwig, Kalen N • Peoples Company
Mls Name: DMMLS
Mls Provider:
Mls ID: #723919
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.