311 Indiana 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 311 Indiana Ave, Norfolk, NE, 68701 priced at $182,000 pairs $1,582/mo rent with $353/mo cash flow after a $891/mo payment. Total monthly income equals $1,582/mo, and annual cash flow comes to $4,233/yr on $60,333 invested. Return on cash invested is 26.93% in year one, and rental yield stands at 10.43% on a $182,000 basis. Equity gained on principal adds $1,174/yr, and 5% annual appreciation accumulates to $50,283 by year five. Five-year ROI measures 141.21% and total cumulative return in cash reaches $85,197. For financing, Ziffy Mortgage’s DSCR program evaluates $1,582/mo property income against a $891/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1951
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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