601 Orchard Hills Dr #5011NorwalkIA50021
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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 601 Orchard Hills Dr #5011, Norwalk, IA, 50021 uses $58,874 cash to close to unlock $1,599/yr annual cash flow and $133/mo monthly cash flow. Total monthly income runs $1,312/mo, and a $869/mo payment keeps the spread at $133/mo. Purchase price stands at $177,600, and rental yield measures 8.86% with $1,312/mo rent. Return on cash invested shows 22.62% in year one, and 5% annual appreciation builds toward $49,068 over five years. Five-year ROI reaches 118.07% and total cumulative return in cash records $69,511. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,312/mo property income covering a $869/mo payment rather than investor’s personal income.
Condo
Built in 2007
3,845 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50021, Ankeny, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,241 (100%) |
| Owner Occupied HU | 9,358 (70.7%) |
| Renter Occupied HU | 3,177 (24.0%) |
| Vacant Housing Units | 706 ( 5.3%) |
| Median Home Value | $345,766 |
| Average Home Value | $362,006 |
Housing Distribution
Address Breakdown
Residential
13,385
Single Family
11,141
Multi-Family
2,244
Businesses
1,021
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