814 Logan StNorfolkNE68701
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 814 Logan St, Norfolk, NE, 68701 priced at $189,900 converts $1,962/mo rent into $680/mo cash flow after a $929/mo obligation. Total monthly income equals $1,962/mo, and annual cash flow totals $8,161/yr on $62,952 invested. Return on cash invested prints 32.87% in year one, and rental yield reads 12.4% against a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation compiles into $52,466 by year five. Five-year ROI reaches 173.17% and total cumulative return in cash sums $109,013. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,962/mo property income covering a $929/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.32 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Charlotte Easland • Real Estate Solutions Team
Mls Name: Norfolk BOR
Mls ID: #240195
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.