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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% |
Investment property for sale in Norway at 606 Evergreen St, Norway, IA, 52318 with 5% annual appreciation on a $164,900 basis while $1,346/mo rent supports operations. Total monthly income totals $1,346/mo and a $807/mo payment preserves $275/mo for cash returns. Annual cash flow comes to $3,302/yr on $54,664 deployed, and return on cash invested reaches 25.95% in year one. Equity gained on principal adds $1,064/yr, and five-year appreciation sums $45,559 alongside rental yield of 9.8%. Five-year ROI measures 135.72% and total cumulative return in cash totals $74,188.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,346/mo property income versus a $807/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52318, Norway, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 393 (100%) |
| Owner Occupied HU | 319 (81.2%) |
| Renter Occupied HU | 43 (10.9%) |
| Vacant Housing Units | 31 ( 7.9%) |
| Median Home Value | $248,529 |
| Average Home Value | $250,274 |
Residential
267
Single Family
267
Multi-Family
0
Businesses
20
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jeremy Trenkamp • Realty87
Mls Name: Iowa City Area AOR
Mls ID: #202506027
