1703 E Sycamore AveNorfolkNE68701
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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 1703 E Sycamore Ave, Norfolk, NE, 68701 priced at $505,000 converts $3,770/mo rent into $360/mo cash flow after a $2,472/mo obligation. Total monthly income equals $3,770/mo, and annual cash flow totals $4,314/yr on $166,145 invested. Return on cash invested prints 22.66% in year one, and rental yield reads 8.96% against a $505,000 entry. Equity gained on principal adds $3,259/yr, while 5% annual appreciation compiles into $139,522 by year five. Five-year ROI reaches 118.3% and total cumulative return in cash sums $196,554. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,770/mo property income covering a $2,472/mo payment, not borrower’s personal income.
Single Family
Built in 2011
10,280 sqft 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: Teri Bauer • Re/Max Associates
Mls Name: Norfolk BOR
Mls ID: #250359
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.