1635 Morningside DrHastingsNE68901
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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 Hastings at 1635 Morningside Dr, Hastings, NE, 68901 with 5% annual appreciation on a $268,389 basis while $2,160/mo rent supports operations. Total monthly income totals $2,160/mo and a $1,314/mo payment preserves $347/mo for cash returns. Annual cash flow comes to $4,167/yr on $88,971 deployed, and return on cash invested reaches 24.59% in year one. Equity gained on principal adds $1,732/yr, and five-year appreciation sums $74,151 alongside rental yield of 9.66%. Five-year ROI measures 128.75% and total cumulative return in cash totals $114,551.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,160/mo property income versus a $1,314/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1958
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68901, Hastings, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,041 (100%) |
| Owner Occupied HU | 6,893 (57.2%) |
| Renter Occupied HU | 4,006 (33.3%) |
| Vacant Housing Units | 1,142 ( 9.5%) |
| Median Home Value | $198,659 |
| Average Home Value | $243,707 |
Housing Distribution
Address Breakdown
Residential
11,415
Single Family
10,825
Multi-Family
590
Businesses
1,073
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