1537 State Highway 420NorfolkNY13667
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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 1537 State Highway 420, Norfolk, NY, 13667 listed at $324,700 pairs $2,004/mo rent with a $1,589/mo payment. Total monthly income runs $2,004/mo. Return on cash invested measures 18.08% in year one, and rental yield registers 7.41% at a $324,700 basis. Equity gained on principal adds $2,095/yr, and annual property appreciation at 5% supports $89,709 by year five. Five-year ROI tracks 93.67% and total cumulative return in cash totals $100,827. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,004/mo property income relative to a $1,589/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1976
5.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13667, Norfolk, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,654 (100%) |
| Owner Occupied HU | 1,087 (65.7%) |
| Renter Occupied HU | 374 (22.6%) |
| Vacant Housing Units | 193 (11.7%) |
| Median Home Value | $150,242 |
| Average Home Value | $207,608 |
Housing Distribution
Address Breakdown
Residential
1,236
Single Family
1,182
Multi-Family
54
Businesses
52
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