1621 7th AveScottsbluffNE69361
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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 Scottsbluff at 1621 7th Ave, Scottsbluff, NE, 69361 uses $82,544 cash to close to unlock $3,879/yr annual cash flow and $323/mo monthly cash flow. Total monthly income runs $2,005/mo, and a $1,219/mo payment keeps the spread at $323/mo. Purchase price stands at $249,000, and rental yield measures 9.66% with $2,005/mo rent. Return on cash invested shows 24.61% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 128.83% and total cumulative return in cash records $106,340. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,005/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 1923
6,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 69361, Scottsbluff, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,098 (100%) |
| Owner Occupied HU | 4,365 (53.9%) |
| Renter Occupied HU | 2,729 (33.7%) |
| Vacant Housing Units | 1,004 (12.4%) |
| Median Home Value | $193,159 |
| Average Home Value | $217,308 |
Housing Distribution
Address Breakdown
Residential
7,632
Single Family
7,179
Multi-Family
453
Businesses
903
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Listed by: Holli Nelson • HAUN NELSON REAL ESTATE LLC
Mls Name: SBCMLS
Mls ID: #26472