1505 Eldorado RdNorfolkNE68701
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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 Norfolk at 1505 Eldorado Rd, Norfolk, NE, 68701 generates $3,332/mo in rent, after a $3,279/mo payment. Total monthly income is $3,332/mo. Return on cash invested sits at 13.57% in year one, and rental yield is 5.97% on a $669,950 entry. Equity gained on principal adds $4,323/yr, while 5% annual appreciation builds toward $185,095 over five years. Five-year ROI reaches 69.56% and total cumulative return in cash sums $153,313. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,332/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
0.30 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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