502 Norris AvePenderNE68047
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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 Pender at 502 Norris Ave, Pender, NE, 68047 listed at $225,000 pairs $1,422/mo rent with a $1,101/mo payment. Total monthly income runs $1,422/mo. Return on cash invested measures 18.35% in year one, and rental yield registers 7.58% at a $225,000 basis. Equity gained on principal adds $1,452/yr, and annual property appreciation at 5% supports $62,163 by year five. Five-year ROI tracks 95.21% and total cumulative return in cash totals $71,013. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,422/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1926
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68047, Pender, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 772 (100%) |
| Owner Occupied HU | 552 (71.5%) |
| Renter Occupied HU | 167 (21.6%) |
| Vacant Housing Units | 53 ( 6.9%) |
| Median Home Value | $208,772 |
| Average Home Value | $246,957 |
Housing Distribution
Address Breakdown
Residential
513
Single Family
513
Multi-Family
0
Businesses
87
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