509 Snyder AveNorwalkIA50211
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Norwalk at 509 Snyder Ave, Norwalk, IA, 50211 generates $1,521/mo in rent and, after a $978/mo payment, leaves $223/mo in cash flow. Total monthly income is $1,521/mo, and annual cash flow is $2,678/yr on $66,267 invested. Return on cash invested sits at 23.95% in year one, and rental yield is 9.13% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 124.95% and total cumulative return in cash sums $82,801. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,521/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50211, Norwalk, IA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
6,803
Single Family
6,186
Multi-Family
617
Businesses
254
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices