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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 Norwalk at 2820 Partlow St, Norwalk, IA, 50211 offers $3,218/mo rent that, after a $2,203/mo payment, leaves $295/mo cash flow. Total monthly income is $3,218/mo, and annual cash flow is $3,540/yr on $149,175 cash. Return on cash invested measures 22.28% in year one, and rental yield stands at 8.58% at a $450,000 entry. Equity gained on principal adds $2,904/yr while 5% annual appreciation compounds into $124,327 by year five. Five-year ROI records 115.96% and total cumulative return in cash reaches $172,986. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,218/mo property income versus a $2,203/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
0.34 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2024-10-10 | Listed for sale | $450,000 |
| 2018-10-29 | Sold | $335,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $5696.00 | 0.32% | $327,900 | 24.39% |
| 2022-10-15 | $5678.00 | 2.12% | $263,600 | N/A |
| 2021-10-15 | $5560.00 | 33968.63% | $263,600 | 8.17% |
Listed by: Lindsey Aaron • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #705633
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.
