Condo Investment Properties in Norwalk, IA | Ziffy.ai
Save Search
Filters Applied
Edit
Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Condo Investment Properties for Sale in Norwalk, IA

Property at 601 Orchard Hills Dr Unit 1006, Norwalk, IA
$ 210,000
ROI
23.4ROI percentage
Cash Flow/m
Dollar sign214
  • 2 Bed
  • 2 Bath
  • 1386 sft
601 Orchard Hills Dr Unit 1006, Norwalk, IA, 50211
Property at 711 Kitterman Cir, Norwalk, IA
$ 247,500
ROI
20.8ROI percentage
Cash Flow/m
Dollar sign78
  • 3 Bed
  • 3 Bath
  • 1162 sft
711 Kitterman Cir, Norwalk, IA, 50211
Property at 721 Kitterman Cir, Norwalk, IA
$ 183,800
ROI
44.0ROI percentage
Cash Flow/m
Dollar sign1237
  • 4 Bed
  • 4 Bath
  • 2076 sft
721 Kitterman Cir, Norwalk, IA, 50211
Property at 113 Sycamore Ln, Norwalk, IA
$ 225,000
ROI
30.6ROI percentage
Cash Flow/m
Dollar sign681
  • 3 Bed
  • 3 Bath
  • 1463 sft
113 Sycamore Ln, 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.

Find Your Perfect Investment Property in Norwalk, Iowa

Explore investment opportunities by strategy, performance, or property type

Buy & Hold Rentals in Norwalk, IA
Fix and Flip Properties in Norwalk, IA
Short-Term Rental Properties in Norwalk, IA
AI