2304 Hazeltine Pl, Norwalk, IA, 50211 | $110/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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2304 Hazeltine Pl, Norwalk, IA, 50211 | $110/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Norwalk at 2304 Hazeltine Pl, Norwalk, IA, 50211 listed at $224,900 pairs $1,571/mo rent with a $1,101/mo payment to leave $110/mo cash flow. Total monthly income runs $1,571/mo, and annual cash flow reaches $1,322/yr on $74,554 cash to close. Return on cash invested measures 21.68% in year one, and rental yield registers 8.38% at a $224,900 basis. Equity gained on principal adds $1,451/yr, and annual property appreciation at 5% supports $62,136 by year five. Five-year ROI tracks 112.82% and total cumulative return in cash totals $84,109. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,571/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2020

N/A lot

$N/A/sqft

No HOA

More details about the property

This comfortable townhouse features the Radcliffe plan in the heart of the Brownstones at the Legacy. The main level is spacious with LVP flooring throughout as well as open kitchen with quartz countertops, accent tile backsplash, stainless steel appliances and pantry. A convenient downstairs half bathroom is located right off the living room. There is a storeroom and closet under the stairs. The upper level provides great space in the primary suite, including a private bath with dual vanity and walk in closet, plus a bonus closet-great for storing games or craft supplies. Down the hall, you will find an additional two bedrooms, full bathroom and a laundry room, complete with closet and shelving. Attached, two car garage. Ceiling fans in the primary bedroom, back bedroom and living room. Situated across the street from an outdoor pool, clubhouse with new play area, plus close walking distance to Billy O'Philips Park. Includes passive radon system and covered front porch. Walking distance to Shops at the Legacy, Crayons 2 Pencils Early Learning and UnityPoint Norwalk. A quiet, friendly neighborhood.

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