490 Nation RdNorfolkNY13667
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 490 Nation Rd, Norfolk, NY, 13667 uses $75,914 cash to close to unlock $31/yr annual cash flow and $3/mo monthly cash flow. Total monthly income runs $1,532/mo, and a $1,121/mo payment keeps the spread at $3/mo. Purchase price stands at $229,000, and rental yield measures 8.03% with $1,532/mo rent. Return on cash invested shows 19.95% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 103.73% and total cumulative return in cash records $78,749. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,532/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Manufactured
Built in 2004
1.38 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices