1503 Clark StNorfolkNE68701
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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
Investment property for sale in Norfolk at 1503 Clark St, Norfolk, NE, 68701 earns $525/mo cash flow from $2,929/mo rent with a $1,742/mo payment. Total monthly income totals $2,929/mo, and annual cash flow totals $6,305/yr on $118,014 capital. ROI tracks 25.25% on current figures, and rental yield reads 9.87% at a $356,000 purchase. Equity gained on principal adds $2,297/yr, and 5% annual appreciation supports $98,356 over five years. Five-year ROI reaches 132.25% and total cumulative return in cash sums $156,074. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,929/mo property income instead of your personal income.
Single Family
Built in 1979
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68701, Norfolk, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,696 (100%) |
| Owner Occupied HU | 8,069 (58.9%) |
| Renter Occupied HU | 4,526 (33.0%) |
| Vacant Housing Units | 1,101 ( 8.0%) |
| Median Home Value | $228,245 |
| Average Home Value | $270,657 |
Housing Distribution
Address Breakdown
Residential
13,819
Single Family
12,218
Multi-Family
1,601
Businesses
1,183
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Listed by: JADE LAFLEUR • Rely Real Estate
Mls Name: Norfolk BOR
Mls ID: #250525
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.