226 W High RdNorwalkIA50211
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
Rental property for sale in Norwalk at 226 W High Rd, Norwalk, IA, 50211 priced at $454,000 pairs $2,677/mo rent with after a $2,222/mo payment. Total monthly income equals $2,677/mo. Return on cash invested is 17.51% in year one, and rental yield stands at 7.08% on a $454,000 basis. Equity gained on principal adds $2,930/yr, and 5% annual appreciation accumulates to $125,432 by year five. Five-year ROI measures 90.49% and total cumulative return in cash reaches $136,190. For financing, Ziffy Mortgage’s DSCR program evaluates $2,677/mo property income against a $2,222/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2015
0.26 Acres lot
$N/A/sqft
$350 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeanne Glaser • Keller Williams Realty GDM
Mls Name: DMMLS
Mls Provider:
Mls ID: #714680
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.