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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Norwalk, IA
$ 329,900
ROI
20.0
Cash Flow/m
21- 3 Bed
- 3 Bath
- 1321 sft
924 Sawgrass Dr, Norwalk, IA, 50211
$ 329,500
ROI
20.0Cash Flow/m
24- 3 Bed
- 3 Bath
- 1321 sft
928 Sawgrass Dr, Norwalk, IA, 50211
$ 301,500
ROI
22.2Cash Flow/m
206- 3 Bed
- 3 Bath
- 1307 sft
940 Sawgrass Dr, Norwalk, IA, 50211
$ 244,900
ROI
31.5Cash Flow/m
804- 3 Bed
- 3 Bath
- 1638 sft
619 Kingston Ave, Norwalk, IA, 50211
Why Invest in Norwalk, Iowa?
Norwalk, IA offers strong potential for condo investors seeking stable rental income near Des Moines. Proximity to the metro area supports consistent demand from commuters and young professionals. With cap rates around 6-7% and rental yields of 5-6%, condos here deliver reliable cash flow. Annual appreciation of 2-3% and renter occupancy near 35% make it a balanced market. Low vacancy and growing job market enhance long-term returns.
7.2%
Avg. ROI
5.8%
Rental Yield
6.5%
Cap Rate
$420/mo
Avg. Cash Flow
$1250/mo
Avg. Rent
2.4%
1Y Appreciation
Frequently Asked Questions
Yes, condos offer 5-6% rental yields and stable cash flow due to commuter demand. Low vacancy and 2% appreciation support long-term holds. Proximity to Des Moines jobs enhances reliability.
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