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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 Norwalk at 501 W Wright Rd, Norwalk, IA, 50211 generates $2,070/mo in rent, after a $1,468/mo payment. Total monthly income is $2,070/mo. Return on cash invested sits at 19.57% in year one, and rental yield is 8.28% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 102.12% and total cumulative return in cash sums $101,524. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,070/mo property income rather than buyer’s personal income.
Condo
Built in 2023
4,791 sqft lot
$N/A/sqft
$150 monthly 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 |
|---|---|---|
| 2025-04-10 | Sold | $299,900 |
| 2025-03-07 | Pending sale | $299,900 |
| 2024-05-23 | Price change | $299,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Chris Albright • RE/MAX Precision
Mls Name: DMMLS
Mls Provider:
Mls ID: #686551
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.
