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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 302 E Tuttle St, Norway, IA, 52318 generates $844/mo in rent and, after a $612/mo payment, leaves $32/mo in cash flow. Total monthly income is $844/mo, and annual cash flow is $384/yr on $41,438 invested. Return on cash invested sits at 20.84% in year one, and rental yield is 8.1% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 108.23% and total cumulative return in cash sums $44,849. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $844/mo property income rather than buyer’s personal income.
Single Family
Built in 1890
5,662 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 |
|---|---|---|
| 2024-11-16 | Listed for sale | $125,000 |
| 2019-07-11 | Sold | $90,000 |
| 2019-05-29 | Listed for sale | $95,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-20 | $1230.00 | 3.19% | $92,500 | 17.68% |
| 2022-11-20 | $1192.00 | -4.49% | $78,600 | N/A |
| 2021-11-20 | $1248.00 | -10.22% | $78,600 | 1.03% |
Listed by: Monica Hayes • Lepic-Kroeger, REALTORS
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202406403
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.
