101 S Main StWest PointNE68788
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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 West Point at 101 S Main St, West Point, NE, 68788 priced at $275,000 converts $959/mo rent into after a $1,346/mo obligation. Total monthly income equals $959/mo. Return on cash invested prints 8.09% in year one, and rental yield reads 4.18% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 40.17% and total cumulative return in cash sums $36,623. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $959/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Apartment
Built in 1896
1,393 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68788, West Point, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,269 (100%) |
| Owner Occupied HU | 1,396 (61.5%) |
| Renter Occupied HU | 606 (26.7%) |
| Vacant Housing Units | 267 (11.8%) |
| Median Home Value | $239,901 |
| Average Home Value | $270,423 |
Housing Distribution
Address Breakdown
Residential
2,004
Single Family
1,906
Multi-Family
98
Businesses
262
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Listed by: Maria Janata • Ortmeier & Associates Inc
Mls Name: GPRMLS
Mls ID: #22532408