8720 Us Highway 56NorfolkNY13667
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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 8720 Us Highway 56, Norfolk, NY, 13667 earns $650/mo cash flow from $1,718/mo rent with a $783/mo payment. Total monthly income totals $1,718/mo, and annual cash flow totals $7,798/yr on $53,007 capital. ROI tracks 34.62% on current figures, and rental yield reads 12.89% at a $159,900 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,177 over five years. Five-year ROI reaches 182.37% and total cumulative return in cash sums $96,666. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,718/mo property income instead of your personal income.
Multi Family
Built in 1950
460 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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