1348 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 1348 E 28th St, Norwalk, IA, 50211 listed at $295,900 pairs $2,648/mo rent with a $1,448/mo payment to leave $727/mo cash flow. Total monthly income runs $2,648/mo, and annual cash flow reaches $8,719/yr on $98,091 cash to close. Return on cash invested measures 28.8% in year one, and rental yield registers 10.74% at a $295,900 basis. Equity gained on principal adds $1,909/yr, and annual property appreciation at 5% supports $81,752 by year five. Five-year ROI tracks 150.93% and total cumulative return in cash totals $148,053. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,648/mo property income relative to a $1,448/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2025
6,534 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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