5698 61st LnNorwalkIA50211
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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
Rental property for sale in Norwalk at 5698 61st Ln, Norwalk, IA, 50211 generates $2,630/mo in rent and, after a $1,957/mo payment, leaves $33/mo in cash flow. Total monthly income is $2,630/mo, and annual cash flow is $398/yr on $132,567 invested. Return on cash invested sits at 20.21% in year one, and rental yield is 7.89% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 104.87% and total cumulative return in cash sums $139,028. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,630/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
8 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
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