940 Sawgrass 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
Investment property for sale in Norwalk at 940 Sawgrass Dr, Norwalk, IA, 50211 uses $99,947 cash to close to unlock $2,467/yr annual cash flow and $206/mo monthly cash flow. Total monthly income runs $2,394/mo, and a $1,476/mo payment keeps the spread at $206/mo. Purchase price stands at $301,500, and rental yield measures 9.53% with $2,394/mo rent. Return on cash invested shows 22.38% in year one, and 5% annual appreciation builds toward $83,299 over five years. Five-year ROI reaches 117.5% and total cumulative return in cash records $117,435. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,394/mo property income covering a $1,476/mo payment rather than investor’s personal income.
Condo
Built in 2025
3,781 sqft lot
$N/A/sqft
$230 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: Rob Burditt • Hubbell Homes of Iowa, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #716062
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.