Under $200K Investment Properties for Sale in Norwalk, IA
230- 3 Bed
- 2 Bath
- 864 sft
1237- 4 Bed
- 4 Bath
- 2076 sft
492- 2 Bed
- 1 Bath
- 720 sft
425- 3 Bed
- 2 Bath
- 1629 sft
Why Invest in Norwalk, Iowa?
Discover investment opportunities in Norwalk, IA under $200k, where affordable entry points meet steady rental demand. Properties like townhomes and small single-family homes offer cap rates around 7-8% and average rents of $1,200 monthly. Proximity to Des Moines drives workforce demand, with appreciation rates holding at 4% annually. Renter occupancy exceeds 35%, supported by local job growth and limited supply under this price threshold. Ideal for cash-flow focused investors seeking low-entry barrier rentals.
Frequently Asked Questions
Yes, several townhomes and small houses list between $165k-$199k, often with 2-3 bedrooms. These suit rental conversions due to strong local demand. Availability fluctuates, so monitor government housing reports.
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