1807 Sheridan DrNorfolkNE68701
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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 1807 Sheridan Dr, Norfolk, NE, 68701 uses $82,842 cash to close to unlock $6,967/yr annual cash flow and $581/mo monthly cash flow. Total monthly income runs $2,268/mo, and a $1,223/mo payment keeps the spread at $581/mo. Purchase price stands at $249,900, and rental yield measures 10.89% with $2,268/mo rent. Return on cash invested shows 28.32% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 148.71% and total cumulative return in cash records $123,194. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,268/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1978
N/A 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: Gary Bretschneider • Gary Bretschneider Broker
Mls Name: Norfolk BOR
Mls ID: #250505
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.