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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 807 Umbra Pl, Norwalk, IA, 50211 offers $1,102/mo rent that, after a $1,101/mo payment. Total monthly income is $1,102/mo. Return on cash invested measures 14.13% in year one, and rental yield stands at 5.88% at a $225,000 entry. Equity gained on principal adds $1,452/yr while 5% annual appreciation compounds into $62,163 by year five. Five-year ROI records 72.27% and total cumulative return in cash reaches $53,901. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,102/mo property income versus a $1,101/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2022
10,018 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Brian Rhoads • RE/MAX Precision
Mls Name: DMMLS
Mls ID: #722807
