55 W Main StNorfolkNY13667
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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 55 W Main St, Norfolk, NY, 13667 priced at $199,000 converts $2,033/mo rent into $704/mo cash flow after a $974/mo obligation. Total monthly income equals $2,033/mo, and annual cash flow totals $8,449/yr on $65,969 invested. Return on cash invested prints 32.72% in year one, and rental yield reads 12.26% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 172.24% and total cumulative return in cash sums $113,622. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,033/mo property income covering a $974/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
2,700 sqft 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
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