1408 N 59th StLincolnNE68505
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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 Lincoln at 1408 N 59th St, Lincoln, NE, 68505 uses $50,720 cash to close to unlock $4,856/yr annual cash flow and $405/mo monthly cash flow. Total monthly income runs $1,438/mo, and a $749/mo payment keeps the spread at $405/mo. Purchase price stands at $153,000, and rental yield measures 11.28% with $1,438/mo rent. Return on cash invested shows 29.48% in year one, and 5% annual appreciation builds toward $42,271 over five years. Five-year ROI reaches 154.92% and total cumulative return in cash records $78,576. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,438/mo property income covering a $749/mo payment rather than investor’s personal income.
Single Family
Built in 1960
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68505, Lincoln, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,449 (100%) |
| Owner Occupied HU | 4,751 (56.2%) |
| Renter Occupied HU | 3,179 (37.6%) |
| Vacant Housing Units | 519 ( 6.1%) |
| Median Home Value | $255,176 |
| Average Home Value | $293,653 |
Housing Distribution
Address Breakdown
Residential
7,982
Single Family
7,162
Multi-Family
820
Businesses
541
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