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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% |
Rental property for sale in Norwalk at 719 Kitterman Cir, Norwalk, IA, 50211 priced at $179,900 converts $1,102/mo rent into after a $881/mo obligation. Total monthly income equals $1,102/mo. Return on cash invested prints 18.56% in year one, and rental yield reads 7.35% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 96.02% and total cumulative return in cash sums $57,261. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,102/mo property income covering a $881/mo payment, not borrower’s personal income.
Condo
Built in 2003
3,985 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50211, Norwalk, IA area.
| 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 |
Residential
6,803
Single Family
6,186
Multi-Family
617
Businesses
254
Date | Event | Price |
|---|---|---|
| 2025-05-13 | Listed for sale | $179,900 |
| 2025-05-13 | Pending sale | $179,900 |
| 2025-05-09 | Listed for sale | $179,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-16 | $2738.00 | 6.79% | $156,100 | 0.13% |
| 2023-05-16 | $2564.00 | 0.39% | $155,900 | 26.23% |
| 2022-05-16 | $2554.00 | 0.47% | $123,500 | N/A |
Listed by: Thomas Payne • Century 21 Signature
Mls Name: DMMLS
Mls Provider:
Mls ID: #717437
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.
