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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% |
Investment property for sale in Norway at 308 Main St, Norway, IA, 52318 listed at $273,000 pairs $1,474/mo rent with a $1,336/mo payment. Total monthly income runs $1,474/mo. Return on cash invested measures 15.95% in year one, and rental yield registers 6.48% at a $273,000 basis. Equity gained on principal adds $1,762/yr, and annual property appreciation at 5% supports $75,425 by year five. Five-year ROI tracks 82.03% and total cumulative return in cash totals $74,239. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,474/mo property income relative to a $1,336/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1922
0.30 Acres 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 |
|---|---|---|
| 2025-10-07 | Sold | $273,000 |
| 2025-09-16 | Pending sale | $275,000 |
| 2025-08-27 | Price change | $275,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-12 | $2778.00 | 15.08% | $192,000 | 1.75% |
| 2023-10-12 | $2414.00 | 3.16% | $188,700 | 29.60% |
| 2022-10-12 | $2340.00 | 31.46% | $145,600 | N/A |
Listed by: Annie Kaestner • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2505977
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.
