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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% |
Investment property for sale in Norwalk at 918 Elm Ave, Norwalk, IA, 50211 offers a 7.25% rental yield on a $249,900 purchase with $1,509/mo rent. 26% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,043 over five years. Portfolio math shows five-year ROI at 94.45% and total cumulative return in cash at $78,242. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,509/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.40 Acres 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 |
|---|---|---|
| 2025-07-02 | Sold | $249,900 |
| 2025-05-22 | Pending sale | $249,900 |
| 2025-05-17 | Listed for sale | $249,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-31 | $2384.00 | 0.76% | $126,700 | N/A |
| 2023-10-31 | $2366.00 | 0.25% | $126,700 | 19.75% |
| 2022-10-31 | $2360.00 | -1.17% | $105,800 | N/A |
Listed by: Sarah Cowman • Homefront Real Estate, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #718373
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.
