1540 6th StGeringNE69341
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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 Gering at 1540 6th St, Gering, NE, 69341 generates $1,087/mo in rent and, after a $768/mo payment, leaves $27/mo in cash flow. Total monthly income is $1,087/mo, and annual cash flow is $329/yr on $52,012 invested. Return on cash invested sits at 20.54% in year one, and rental yield is 8.31% on a $156,900 entry. Equity gained on principal adds $1,012/yr, while 5% annual appreciation builds toward $43,349 over five years. Five-year ROI reaches 107.01% and total cumulative return in cash sums $55,656. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,087/mo property income rather than buyer’s personal income.
Single Family
Built in 1915
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 69341, Gering, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,747 (100%) |
| Owner Occupied HU | 3,149 (66.3%) |
| Renter Occupied HU | 1,208 (25.4%) |
| Vacant Housing Units | 390 ( 8.2%) |
| Median Home Value | $192,538 |
| Average Home Value | $209,248 |
Housing Distribution
Address Breakdown
Residential
4,689
Single Family
4,536
Multi-Family
153
Businesses
404
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Listed by: Trista Delunger • Champion Realty LLC
Mls Name: SBCMLS
Mls ID: #25813
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.