114 N 2nd StHomerNE68030
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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 Homer at 114 N 2nd St, Homer, NE, 68030 at $270,000 posts ROI 21.71% with $134/mo cash flow from $1,958/mo rent. Total monthly income equals $1,958/mo, and annual cash flow records $1,611/yr on $89,505 to close. Return on cash invested measures 21.71% and rental yield reads 8.7% at the current $270,000. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,596 by year five. Five-year ROI prints 113.28% and total cumulative return in cash totals $101,389.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,958/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1997
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68030, Homer, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 352 (100%) |
| Owner Occupied HU | 255 (72.4%) |
| Renter Occupied HU | 74 (21.0%) |
| Vacant Housing Units | 23 ( 6.5%) |
| Median Home Value | $216,860 |
| Average Home Value | $226,657 |
Housing Distribution
Address Breakdown
Residential
97
Single Family
97
Multi-Family
0
Businesses
33
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Listed by: Emily Brewer • Cardinal City Realty, Inc.
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828073
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.