506 S 8th StNorfolkNE68701
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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 506 S 8th St, Norfolk, NE, 68701 with 5% annual appreciation on a $137,000 basis while $1,504/mo rent supports operations. Total monthly income totals $1,504/mo and a $671/mo payment preserves $578/mo for cash returns. Annual cash flow comes to $6,941/yr on $45,416 deployed, and return on cash invested reaches 35.19% in year one. Equity gained on principal adds $884/yr, and five-year appreciation sums $37,851 alongside rental yield of 13.17%. Five-year ROI measures 185.63% and total cumulative return in cash totals $84,304.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,504/mo property income versus a $671/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1925
5,612 sqft 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: Kimberly Wilcox • Real Estate Solutions Team
Mls Name: Norfolk BOR
Mls ID: #240685
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.