606 Meadow LnNorfolkNE68701
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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 606 Meadow Ln, Norfolk, NE, 68701 at $220,000 posts ROI 20.21% with $18/mo cash flow from $1,504/mo rent. Total monthly income equals $1,504/mo, and annual cash flow records $218/yr on $72,930 to close. Return on cash invested measures 20.21% and rental yield reads 8.2% at the current $220,000. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 by year five. Five-year ROI prints 105.26% and total cumulative return in cash totals $76,763.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,504/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1989
9,078 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: Camy Leathers • Inspire Home & Land Realty
Mls Name: Norfolk BOR
Mls ID: #250137
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.