1602 Midland StSyracuseNE68446
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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 Syracuse at 1602 Midland St, Syracuse, NE, 68446 priced at $220,000 pairs $1,778/mo rent with $292/mo cash flow after a $1,077/mo payment. Total monthly income equals $1,778/mo, and annual cash flow comes to $3,506/yr on $72,930 invested. Return on cash invested is 24.72% in year one, and rental yield stands at 9.7% on a $220,000 basis. Equity gained on principal adds $1,420/yr, and 5% annual appreciation accumulates to $60,782 by year five. Five-year ROI measures 129.41% and total cumulative return in cash reaches $94,379. For financing, Ziffy Mortgage’s DSCR program evaluates $1,778/mo property income against a $1,077/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68446, Syracuse, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,163 (100%) |
| Owner Occupied HU | 853 (73.3%) |
| Renter Occupied HU | 231 (19.9%) |
| Vacant Housing Units | 79 ( 6.8%) |
| Median Home Value | $243,301 |
| Average Home Value | $278,836 |
Housing Distribution
Address Breakdown
Residential
1,077
Single Family
1,045
Multi-Family
32
Businesses
72
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