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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Norwalk at 213 Pin Oak Ct, Norwalk, IA, 50211 at $229,000 posts ROI 29.51% with $608/mo cash flow from $2,270/mo rent. Total monthly income equals $2,270/mo, and annual cash flow records $7,291/yr on $75,914 to close. Return on cash invested measures 29.51% and rental yield reads 11.9% at the current $229,000. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 by year five. Five-year ROI prints 155.77% and total cumulative return in cash totals $118,253.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,270/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2018
1,981 sqft lot
$N/A/sqft
$175 monthly 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 |
|---|---|---|
| 2025-01-17 | Listed for sale | $229,000 |
| 2019-03-14 | Sold | $180,200 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-01-27 | $3316.00 | 4.47% | $218,200 | 23.84% |
| 2023-01-27 | $3174.00 | 0.32% | $176,200 | 24.17% |
| 2022-01-27 | $3164.00 | 5.26% | $141,900 | N/A |
Listed by: Jenny Farrell • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #710422
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.
