602 S 7th 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
Rental property for sale in Norfolk at 602 S 7th St, Norfolk, NE, 68701 generates $1,706/mo in rent and, after a $979/mo payment, leaves $355/mo in cash flow. Total monthly income is $1,706/mo, and annual cash flow is $4,265/yr on $66,283 invested. Return on cash invested sits at 26.34% in year one, and rental yield is 10.24% on a $199,950 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,243 over five years. Five-year ROI reaches 138.14% and total cumulative return in cash sums $91,564. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,706/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
5,490 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: Dawn Alberts • Re/Max Associates
Mls Name: Norfolk BOR
Mls ID: #250275
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.