Nixon II Plan, Valley ViewNorwalkIA50211
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Nixon II Plan, Valley View, Norwalk, IA, 50211 priced at $311,000 pairs $2,110/mo rent with $90/mo cash flow after a $1,522/mo payment. Total monthly income equals $2,110/mo, and annual cash flow comes to $1,085/yr on $103,097 invested. Return on cash invested is 20.96% in year one, and rental yield stands at 8.14% on a $311,000 basis. Equity gained on principal adds $2,007/yr, and 5% annual appreciation accumulates to $85,924 by year five. Five-year ROI measures 108.9% and total cumulative return in cash reaches $112,269. For financing, Ziffy Mortgage’s DSCR program evaluates $2,110/mo property income against a $1,522/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
N/A 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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