421 Ridgeway Dr, Norfolk, NE, 68701 | 5.79% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $1,470/mo, and a $1,491/mo payment. Purchase price stands at $304,700, and rental yield measures 5.79% with $1,470/mo rent. Return on cash invested shows 12.93% in year one, and 5% annual appreciation builds toward $84,183 over five years. Five-year ROI reaches 66.17% and total cumulative return in cash records $66,839. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,470/mo property income covering a $1,491/mo payment rather than investor’s personal income.

Single Family

Built in 1976

0.42 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