913 Walnut DrNorwalkIA50211
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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
Rental property for sale in Norwalk at 913 Walnut Dr, Norwalk, IA, 50211 priced at $501,315 pairs $2,213/mo rent with after a $2,454/mo payment. Total monthly income equals $2,213/mo. Return on cash invested is 12.47% in year one, and rental yield stands at 5.3% on a $501,315 basis. Equity gained on principal adds $3,235/yr, and 5% annual appreciation accumulates to $138,504 by year five. Five-year ROI measures 63.32% and total cumulative return in cash reaches $104,437. For financing, Ziffy Mortgage’s DSCR program evaluates $2,213/mo property income against a $2,454/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
0.27 Acres 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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