550 Legacy Ct UNIT 58NorwalkIA50211
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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 Norwalk at 550 Legacy Ct UNIT 58, Norwalk, IA, 50211 listed at $407,500 pairs $2,394/mo rent with a $1,995/mo payment. Total monthly income runs $2,394/mo. Return on cash invested measures 17.66% in year one, and rental yield registers 7.05% at a $407,500 basis. Equity gained on principal adds $2,630/yr, and annual property appreciation at 5% supports $112,585 by year five. Five-year ROI tracks 91.18% and total cumulative return in cash totals $123,175. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,394/mo property income relative to a $1,995/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2011
3,484 sqft 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
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