709 Center StNorwalkIA50211
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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 709 Center St, Norwalk, IA, 50211 at $205,000 posts ROI 22.05% with $121/mo cash flow from $1,452/mo rent. Total monthly income equals $1,452/mo, and annual cash flow records $1,452/yr on $67,958 to close. Return on cash invested measures 22.05% and rental yield reads 8.5% at the current $205,000. Equity gained on principal adds $1,323/yr, and 5% annual appreciation supports $56,638 by year five. Five-year ROI prints 114.68% and total cumulative return in cash totals $77,934.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,452/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1960
8,049 sqft lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-04-09 | Listed for sale | $205,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-13 | $2420.00 | -9.77% | $154,700 | N/A |
| 2023-04-13 | $2682.00 | 0.37% | $154,700 | 17.02% |
| 2022-04-13 | $2672.00 | -1.04% | $132,200 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1960
- Architectural Style: One and One Half Story
- Building Area: 1,537
- Living Area: 1,537 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air, Gas, Natural Gas
- Cooling: Central Air
- Flooring: Hardwood
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Detached, Garage, Two Car Garage
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Concrete
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Bryan Nelson • Platinum Realty LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #715277
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.