1406 W 38th StKearneyNE68845
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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 1406 W 38th St, Kearney, NE, 68845 generates $2,971/mo in rent and, after a $1,590/mo payment, leaves $777/mo in cash flow. Total monthly income is $2,971/mo, and annual cash flow is $9,327/yr on $107,704 invested. Return on cash invested sits at 28.57% in year one, and rental yield is 10.97% on a $324,900 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,764 over five years. Five-year ROI reaches 150.05% and total cumulative return in cash sums $161,609. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,971/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68845, Kearney, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,471 (100%) |
| Owner Occupied HU | 5,062 (53.4%) |
| Renter Occupied HU | 3,801 (40.1%) |
| Vacant Housing Units | 608 ( 6.4%) |
| Median Home Value | $300,740 |
| Average Home Value | $331,883 |
Housing Distribution
Address Breakdown
Residential
9,196
Single Family
8,121
Multi-Family
1,075
Businesses
397
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