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

Condo Investment Properties for Sale in Norwalk, IA

Property at 948 Sawgrass Dr, Norwalk, IA
$ 299,900
ROI
22.5ROI percentage
Cash Flow/m
Dollar sign226
  • 3 Bed
  • 3 Bath
  • 1321 sft
948 Sawgrass Dr, Norwalk, IA, 50211
Property at 1336 E 28th St, Norwalk, IA
Currently Rented
$ 290,900
ROI
21.0ROI percentage
Cash Flow/m
Dollar sign103
  • 3 Bed
  • 3 Bath
  • 1645 sft
1336 E 28th St, Norwalk, IA, 50211
Property at 633 Canterbury Pl, Norwalk, IA
$ 239,900
ROI
28.5ROI percentage
Cash Flow/m
Dollar sign587
  • 3 Bed
  • 3 Bath
  • 1638 sft
633 Canterbury Pl, Norwalk, IA, 50211
Property at 405 Aspen Dr, Norwalk, IA
$ 234,900
ROI
25.4ROI percentage
Cash Flow/m
Dollar sign369
  • 2 Bed
  • 2 Bath
  • 1292 sft
405 Aspen Dr, 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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