1420 16th AveMitchellNE69357
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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 Mitchell at 1420 16th Ave, Mitchell, NE, 69357 listed at $269,000 pairs $2,238/mo rent with a $1,317/mo payment to leave $421/mo cash flow. Total monthly income runs $2,238/mo, and annual cash flow reaches $5,053/yr on $89,174 cash to close. Return on cash invested measures 25.58% in year one, and rental yield registers 9.98% at a $269,000 basis. Equity gained on principal adds $1,736/yr, and annual property appreciation at 5% supports $74,320 by year five. Five-year ROI tracks 134% and total cumulative return in cash totals $119,495. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,238/mo property income relative to a $1,317/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1915
0.32 Acres 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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