1506 W 3rd StNorth PlatteNE69101
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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 North Platte at 1506 W 3rd St, North Platte, NE, 69101 offers a 11.58% rental yield on a $120,000 purchase with $1,158/mo rent. Total monthly income registers $1,158/mo, and a $587/mo payment leaves $348/mo available for distribution. Annual cash flow reaches $4,176/yr on $39,780 to close, and return on cash invested stands at 30.41% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,154 over five years. Portfolio math shows five-year ROI at 159.87% and total cumulative return in cash at $63,595. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,158/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 69101, North Platte, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,928 (100%) |
| Owner Occupied HU | 7,981 (57.3%) |
| Renter Occupied HU | 4,388 (31.5%) |
| Vacant Housing Units | 1,559 (11.2%) |
| Median Home Value | $201,060 |
| Average Home Value | $239,131 |
Housing Distribution
Address Breakdown
Residential
12,932
Single Family
12,083
Multi-Family
849
Businesses
871
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Listed by: Tami Timmerman-lashley • Lashley Land and Recreational Brokers
Mls Name: My State MLS
Mls ID: #11520272