1610 N Franklin AveNorth 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
Rental property for sale in North Platte at 1610 N Franklin Ave, North Platte, NE, 69101 priced at $143,500 pairs $1,108/mo rent with $139/mo cash flow after a $702/mo payment. Total monthly income equals $1,108/mo, and annual cash flow comes to $1,672/yr on $47,570 invested. Return on cash invested is 23.42% in year one, and rental yield stands at 9.27% on a $143,500 basis. Equity gained on principal adds $926/yr, and 5% annual appreciation accumulates to $39,646 by year five. Five-year ROI measures 122.48% and total cumulative return in cash reaches $58,265. For financing, Ziffy Mortgage’s DSCR program evaluates $1,108/mo property income against a $702/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
9,893 sqft 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: 3 Non-Participant • Non-Participant
Mls Name: Lincoln County BOR (NE)
Mls ID: #26453