205 E Washington StNorwayIA52318
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Norway at 205 E Washington St, Norway, IA, 52318 offers a 8.25% rental yield on a $235,000 purchase with $1,615/mo rent. Total monthly income registers $1,615/mo, and a $1,150/mo payment leaves $89/mo available for distribution. Annual cash flow reaches $1,068/yr on $77,903 to close, and return on cash invested stands at 21.28% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 110.59% and total cumulative return in cash at $86,152. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,615/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52318, Norway, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 393 (100%) |
| Owner Occupied HU | 319 (81.2%) |
| Renter Occupied HU | 43 (10.9%) |
| Vacant Housing Units | 31 ( 7.9%) |
| Median Home Value | $248,529 |
| Average Home Value | $250,274 |
Housing Distribution
Address Breakdown
Residential
267
Single Family
267
Multi-Family
0
Businesses
20
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