Hickory Plan, Shadow Creek EstatesNorwalkIA50211
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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 Hickory Plan, Shadow Creek Estates, Norwalk, IA, 50211 with 5% annual appreciation on a $244,900 basis while $2,250/mo rent supports operations. Total monthly income totals $2,250/mo and a $1,199/mo payment preserves $499/mo for cash returns. Annual cash flow comes to $5,990/yr on $81,184 deployed, and return on cash invested reaches 27.29% in year one. Equity gained on principal adds $1,580/yr, and five-year appreciation sums $67,661 alongside rental yield of 11.02%. Five-year ROI measures 143.72% and total cumulative return in cash totals $116,681.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,250/mo property income versus a $1,199/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
$160 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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