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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% |
Rental property for sale in Norway at 214 Apache Dr, Norway, IA, 52318 priced at $119,000 pairs $896/mo rent with $124/mo cash flow after a $582/mo payment. Total monthly income equals $896/mo, and annual cash flow comes to $1,483/yr on $39,449 invested. Return on cash invested is 23.67% in year one, and rental yield stands at 9.04% on a $119,000 basis. Equity gained on principal adds $768/yr, and 5% annual appreciation accumulates to $32,878 by year five. Five-year ROI measures 123.42% and total cumulative return in cash reaches $48,689. For financing, Ziffy Mortgage’s DSCR program evaluates $896/mo property income against a $582/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52318, Norway, IA area.
| 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 |
Residential
267
Single Family
267
Multi-Family
0
Businesses
20
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Gunther Sandersfeld • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls ID: #2506437
