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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 Norwalk at 405 W Wright Rd, Norwalk, IA, 50211 with 5% annual appreciation on a $289,000 basis while $1,102/mo rent supports operations. 51% in year one. Equity gained on principal adds $1,865/yr, and five-year appreciation sums $79,845 alongside rental yield of 4.58%. Five-year ROI measures 47.8% and total cumulative return in cash totals $45,794. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,102/mo property income versus a $1,415/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2015
N/A 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 |
|---|---|---|
| 2024-12-13 | Listed for sale | $289,000 |
| 2020-04-14 | Sold | $235,000 |
| 2020-02-21 | Pending sale | $239,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-01-27 | $5046.00 | 2.19% | $268,100 | N/A |
| 2023-01-27 | $4938.00 | 26.68% | $268,100 | 21.42% |
| 2022-01-27 | $3898.00 | 17.27% | $220,800 | 26.32% |
Listed by: Abby Brenizer • RE/MAX Precision
Mls Name: DMMLS
Mls Provider:
Mls ID: #709038
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.
