711 Greenwell 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
Investment property for sale in Norwalk at 711 Greenwell Pl, Norwalk, IA, 50211 earns $788/mo cash flow from $2,428/mo rent with a $1,115/mo payment. Total monthly income totals $2,428/mo, and annual cash flow totals $9,460/yr on $75,549 capital. ROI tracks 32.43% on current figures, and rental yield reads 12.78% at a $227,900 purchase. Equity gained on principal adds $1,471/yr, and 5% annual appreciation supports $62,965 over five years. Five-year ROI reaches 171.35% and total cumulative return in cash sums $129,451. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,428/mo property income instead of your personal income.
Condo
Built in 2024
3,920 sqft lot
$N/A/sqft
$160 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: Ingrid Williams • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #709633
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.