1246 Court StLincolnNE68508
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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 Lincoln at 1246 Court St, Lincoln, NE, 68508 priced at $179,000 converts $1,343/mo rent into $134/mo cash flow after a $876/mo obligation. Total monthly income equals $1,343/mo, and annual cash flow totals $1,612/yr on $59,339 invested. Return on cash invested prints 22.63% in year one, and rental yield reads 9% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 118.21% and total cumulative return in cash sums $70,143. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,343/mo property income covering a $876/mo payment, not borrower’s personal income.
Single Family
Built in 1905
4,116 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68508, Lincoln, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,915 (100%) |
| Owner Occupied HU | 681 ( 9.8%) |
| Renter Occupied HU | 5,207 (75.3%) |
| Vacant Housing Units | 1,027 (14.9%) |
| Median Home Value | $202,273 |
| Average Home Value | $274,482 |
Housing Distribution
Address Breakdown
Residential
5,254
Single Family
3,112
Multi-Family
2,142
Businesses
1,046
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