1104 E 56th St UNIT 21KearneyNE68847
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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 Kearney at 1104 E 56th St UNIT 21, Kearney, NE, 68847 generates $2,214/mo in rent, after a $1,541/mo payment. Total monthly income is $2,214/mo. Return on cash invested sits at 18.91% in year one, and rental yield is 8.44% on a $314,900 entry. Equity gained on principal adds $2,032/yr, while 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 98.94% and total cumulative return in cash sums $103,282. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,214/mo property income rather than buyer’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68847, Kearney, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,125 (100%) |
| Owner Occupied HU | 4,782 (58.9%) |
| Renter Occupied HU | 2,902 (35.7%) |
| Vacant Housing Units | 441 ( 5.4%) |
| Median Home Value | $244,004 |
| Average Home Value | $274,412 |
Housing Distribution
Address Breakdown
Residential
8,015
Single Family
7,119
Multi-Family
896
Businesses
1,075
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