1438 17th 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 1438 17th Ave, Mitchell, NE, 69357 uses $41,438 cash to close to unlock $1,305/yr annual cash flow and $109/mo monthly cash flow. Total monthly income runs $953/mo, and a $612/mo payment keeps the spread at $109/mo. Purchase price stands at $125,000, and rental yield measures 9.15% with $953/mo rent. Return on cash invested shows 23.06% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 120.51% and total cumulative return in cash records $49,937. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $953/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in N/A
5,000 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: Amy Newman • CHAMPION REALTY LLC
Mls Name: SBCMLS
Mls ID: #26458
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.