1700 Virginia AveGeringNE69341
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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 Gering at 1700 Virginia Ave, Gering, NE, 69341 priced at $349,000 converts $3,348/mo rent into $959/mo cash flow after a $1,708/mo obligation. Total monthly income equals $3,348/mo, and annual cash flow totals $11,506/yr on $115,694 invested. Return on cash invested prints 29.85% in year one, and rental yield reads 11.51% against a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation compiles into $96,422 by year five. Five-year ROI reaches 157.03% and total cumulative return in cash sums $181,668. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,348/mo property income covering a $1,708/mo payment, not borrower’s personal income.
Single Family
Built in 1976
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 69341, Gering, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,747 (100%) |
| Owner Occupied HU | 3,149 (66.3%) |
| Renter Occupied HU | 1,208 (25.4%) |
| Vacant Housing Units | 390 ( 8.2%) |
| Median Home Value | $192,538 |
| Average Home Value | $209,248 |
Housing Distribution
Address Breakdown
Residential
4,689
Single Family
4,536
Multi-Family
153
Businesses
404
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Listed by: Lisa Steele • NEBRASKA REALTY
Mls Name: SBCMLS
Mls ID: #26279
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.