1545 S 23rd StLincolnNE68502
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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 1545 S 23rd St, Lincoln, NE, 68502 uses $75,416 cash to close to unlock $7,407/yr annual cash flow and $617/mo monthly cash flow. Total monthly income runs $2,153/mo, and a $1,114/mo payment keeps the spread at $617/mo. Purchase price stands at $227,500, and rental yield measures 11.36% with $2,153/mo rent. Return on cash invested shows 29.73% in year one, and 5% annual appreciation builds toward $62,854 over five years. Five-year ROI reaches 156.29% and total cumulative return in cash records $117,866. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,153/mo property income covering a $1,114/mo payment rather than investor’s personal income.
Single Family
Built in 1910
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68502, Lincoln, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,673 (100%) |
| Owner Occupied HU | 5,412 (46.4%) |
| Renter Occupied HU | 5,498 (47.1%) |
| Vacant Housing Units | 763 ( 6.5%) |
| Median Home Value | $288,522 |
| Average Home Value | $340,541 |
Housing Distribution
Address Breakdown
Residential
11,125
Single Family
10,016
Multi-Family
1,109
Businesses
621
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