704 Lewis AveNorwalkIA50211
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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 704 Lewis Ave, Norwalk, IA, 50211 uses $59,637 cash to close to unlock $1,970/yr annual cash flow and $164/mo monthly cash flow. Total monthly income runs $1,333/mo, and a $881/mo payment keeps the spread at $164/mo. Purchase price stands at $179,900, and rental yield measures 8.89% with $1,333/mo rent. Return on cash invested shows 23.21% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 121.05% and total cumulative return in cash records $72,189. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,333/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1960
8,598 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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