306 E Washington StNorwayIA52318
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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
Investment property for sale in Norway at 306 E Washington St, Norway, IA, 52318 with 5% annual appreciation on a $189,500 basis while $982/mo rent supports operations. 15% in year one. Equity gained on principal adds $1,223/yr, and five-year appreciation sums $52,355 alongside rental yield of 6.22%. Five-year ROI measures 77.73% and total cumulative return in cash totals $48,827. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $982/mo property income versus a $928/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52318, Norway, IA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
267
Single Family
267
Multi-Family
0
Businesses
20
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