2903 Kestrel StNorwalkIA50211
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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
Investment Highlights
Rental property for sale in Norwalk at 2903 Kestrel St, Norwalk, IA, 50211 generates $2,800/mo in rent and, after a $1,688/mo payment, leaves $543/mo in cash flow. Total monthly income is $2,800/mo, and annual cash flow is $6,522/yr on $114,334 invested. Return on cash invested sits at 25.61% in year one, and rental yield is 9.74% on a $344,900 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation builds toward $95,290 over five years. Five-year ROI reaches 133.9% and total cumulative return in cash sums $153,093. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,800/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
4,499 sqft lot
$N/A/sqft
$200 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
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Listed by: Noah Twist • Modern Realty
Mls Name: DMMLS
Mls Provider:
Mls ID: #716183
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.