1403 14th StMitchellNE69357
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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 Mitchell at 1403 14th St, Mitchell, NE, 69357 generates $1,106/mo in rent and, after a $661/mo payment, leaves $194/mo in cash flow. Total monthly income is $1,106/mo, and annual cash flow is $2,329/yr on $44,753 invested. Return on cash invested sits at 25.11% in year one, and rental yield is 9.83% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 131.61% and total cumulative return in cash sums $58,897. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,106/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
7,280 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 69357, Mitchell, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,587 (100%) |
| Owner Occupied HU | 1,056 (66.5%) |
| Renter Occupied HU | 347 (21.9%) |
| Vacant Housing Units | 184 (11.6%) |
| Median Home Value | $200,694 |
| Average Home Value | $250,497 |
Housing Distribution
Address Breakdown
Residential
1,482
Single Family
1,470
Multi-Family
12
Businesses
99
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Listed by: Sandy Macke • CHAMPION REALTY LLC
Mls Name: SBCMLS
Mls ID: #26413
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.