1007 Norris AveMccookNE69001
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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 Mccook at 1007 Norris Ave, Mccook, NE, 69001 priced at $179,500 converts $1,537/mo rent into $324/mo cash flow after a $879/mo obligation. Total monthly income equals $1,537/mo, and annual cash flow totals $3,893/yr on $59,504 invested. Return on cash invested prints 26.45% in year one, and rental yield reads 10.28% against a $179,500 entry. Equity gained on principal adds $1,158/yr, while 5% annual appreciation compiles into $49,593 by year five. Five-year ROI reaches 138.71% and total cumulative return in cash sums $82,540. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,537/mo property income covering a $879/mo payment, not borrower’s personal income.
Single Family
Built in 1928
5,320 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 69001, Mc Cook, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,322 (100%) |
| Owner Occupied HU | 2,678 (62.0%) |
| Renter Occupied HU | 1,137 (26.3%) |
| Vacant Housing Units | 507 (11.7%) |
| Median Home Value | $174,283 |
| Average Home Value | $202,190 |
Housing Distribution
Address Breakdown
Residential
4,088
Single Family
3,866
Multi-Family
222
Businesses
591
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