629 Laurel PlNorwalkIA50211
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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 629 Laurel Pl, Norwalk, IA, 50211 priced at $230,000 converts $1,812/mo rent into $67/mo cash flow after a $1,126/mo obligation. Total monthly income equals $1,812/mo, and annual cash flow totals $808/yr on $76,245 invested. Return on cash invested prints 20.97% in year one, and rental yield reads 9.45% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 110.38% and total cumulative return in cash sums $84,163. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,812/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Condo
Built in 2011
1,119 sqft lot
$N/A/sqft
$220 monthly 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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Listed by: Emma Jordison • Century 21 Signature
Mls Name: DMMLS
Mls Provider:
Mls ID: #714571
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.